Calm is returning to the markets as bond yields stabilize, with French government bonds leading the recovery. The yield on the American 10-year bond stands at 5.3%. A rally is also occurring in Italy and Greece. An auction of $39 billion in US Treasury bonds will test demand for American debt. This comes after a recent sell-off that rattled investors. The stabilization suggests easing concerns, at least temporarily, in the sovereign debt landscape. Investors are closely watching the auction results for further insight into market sentiment.