Spanish 10-Year Bonds Rise; Yield Drops 4 Basis Points to 6.24%

Spanish 10-year bonds advanced, pushing the yield on the securities down four basis points to 6.24 percent as of 8:18 a.m London time. The rate earlier rose as much as four basis points to 6.32 percent.

The nation’s two-year notes also advanced, driving the yield down three basis points to 4.52 percent after rising as much as 13 basis points to 4.67 percent.