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Spain 10-Year Bonds Advance Amid Report on ECB Bond Buying Plan

Spanish 10-year government bonds advanced as two officials said the European Central Bank’s bond- buying proposal involves unlimited purchases of government debt.

Ten-year yields declined four basis points, or 0.04 percentage point, to 6.53 percent at 1:24 p.m. London time, after rising as much as seven basis points. Two-year notes stayed lower, with the yield climbing six basis points to 3.13 percent.

The Frankfurt-based ECB would refrain from setting a public cap on yields, according to the people, and a third official, who spoke on condition of anonymity.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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