Spanish Bonds Advance on ECB Stimulus Bets; Bunds Fall
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Spanish bonds rose, after a rout yesterday set the securities on course for their first weekly drop in a month, amid speculation the European Central Bank will add further stimulus to boost the region’s economy.
Italian 10-year securities also advanced. Greece’s bonds declined for a second day as opinion polls suggesting its governing coalition is losing support prompted a selloff in the euro area’s most-indebted nations yesterday. Benchmark German 10-year bunds fell, pushing yields up from a 12-month low. Voters will elect lawmakers to the European Parliament in May 22-25 ballots.