Italian, Spanish and French 10-year government bonds underperformed benchmark German bunds, increasing the additional yield that investors demand to hold the securities.
The difference in yield, or spread, between Italian and German bonds increased 17 basis points to 508 basis points at 7:37 a.m. London time. The yield gap between Spanish and German securities widened nine basis points to 415 basis points and the France-Germany spread climbed seven basis points to 126 basis points.
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