European bond markets have opened to mixed results following word the Greek people have voted to reject the latest bailout package from European creditors. Peripheral European debt is under modest pressure on contagion fears (bond yields rise when prices fall): Greece's 10-year yield +17 basis points at 14.18%Spain 10-year yield +14 basis points at 2.35%Italy 10-year yield +14 basis points at 2.38%Portugal 10-year yield +14 basis points at 3.06% A flight to safety has pushed yields on core European debt lower: Germany's 10-year yield -7 basis points at 71.7 basis pointsFrance's 10-year yield -2 basis points at 1.22% Update at 2:37 a.m. ET: While the rest of European debt has seen a relatively calm session, yields on Greek debt are surging. Greece's 2-year yield is higher by 2,775 basis points at 62.58% and the 10-year yield is up 250 basis points at 16.51%. Join the conversation about this story » NOW WATCH: Forget the Apple Watch — here's the new watch everyone on Wall Street wants
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