Spanish 10-Year Bond Yield Climbs to 6 Percent for First Time Since Aug. 5
By Paul Dobson -
2011-11-14T13:00:11Z
Spanish 10-year bonds slid, pushing the yield on the securities to more than 6 percent for the first time since Aug. 5.
The yield on the 10-year debt climbed 17 basis points to 6.02 percent at 12:57 p.m. London time. It’s the first occasion the rate has reached 6 percent since before the European Central Bank was said to resume its purchases of government debt, including buying Spanish and Italian securities, on Aug. 8.
The Italian 10-year bond yield rose 20 basis points to 6.65 percent. It reached a euro-era record 7.48 percent on Nov. 9.
To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net
To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net
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