Spanish Bonds Advance With Italy’s on Draghi’s Low Rates Stance
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Spain’s government bonds rose, pushing 10-year yields down by the most in two weeks, after European Central Bank President Mario Draghi reiterated that euro-area interest rates will stay low for an extended period.
Italian securities also advanced even as ECB policy makers refrained from adding to last month’s stimulus which sparked the biggest rally in euro-region bonds since January. Benchmark German bund yields reached the highest in more than a week as a U.S. government report showed employers added more workers in June than economists projected.