Spanish and Italian government bonds declined, increasing the additional yield investors demand to hold the securities instead of benchmark German bunds.
The yield on 10-year Spanish securities increased five basis points to 6.25 percent at 8:46 a.m. London time, driving the rate spread with bunds six basis points wider to 4.88 percentage points.
Italy’s 10-year yield climbed four basis points to 5.71 percent. The yield gap to bunds increased five basis points to 4.34 percentage point.
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