Spanish Two-Year Government Notes Extend Decline After Debt Sale

Spanish two-year notes extended a decline and 10-year bonds stayed lower after the nation sold 3 billion euros of government securities.

The two-year note yield climbed 16 basis points to 4.25 percent at 9:52 a.m. London time. Ten-year yields rose 12 basis points to 6.53 percent.

The country sold 10-year securities at an average yield of 6.43 percent today, compared with 6.044 percent at a sale in June. It also sold debt maturing in 2015 and 2016.

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