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Spanish 10-Year Bonds Erase Gain After Sales; Yield is 5.03%

Spanish 10-year bonds erased an advance after the nation sold 4.5 billion euros of securities at a sale.

The yield on the securities was little changed at 5.03 percent as of 9:48 a.m. London time, after earlier dropping as much as three basis points to 4.995 percent.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

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

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