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

June 7 (Bloomberg) -- 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.

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

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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