Bund Yields Decline to Record as Spanish Borrowing Costs Jump
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German bonds rose, pushing two-, five- and 10-year yields to record lows, as Spain’s borrowing costs jumped at a debt sale a day after Prime Minister Mariano Rajoy said the nation risked losing access to market funding.
Dutch 10-year yields slid to an all-time low, while Spanish and Italian two-year rates climbed. Irish two-year securities slipped for a 10th day after the European Central Bank said it will temporarily stop lending to some Greek banks, stoking concern the region’s financial crisis may deepen. European stocks declined, led by Spanish lender Bankia SA.