Spanish Bonds Climb Amid Bailout Speculation as Irish Debt Gains
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Spain’s bonds led gains among the government securities of Europe’s most-indebted nations amid speculation the country is poised to ask for a sovereign bailout that will trigger European Central Bank purchases of its debt.
The advance pushed 10-year Spanish yields to the lowest levels in almost a month. The rate on Italy’s two-year notes fell the most in more than a week after German Finance Minister Wolfgang Schaeuble said Europe has made “significant progress” in overcoming a crisis of confidence in the euro. Ireland’s nine-year yields fell to the least since June 2010.