Greece’s Bonds Hold Gains Amid Aid Debate as Spain Joins Rally

Greece’s government bonds rose as the nation submitted a request for a six-month extension of funding from its euro-area creditors before its current rescue plan expires at the end of February.

Ten-year yields stayed below 10 percent even after Germany rejected Greece’s request, saying its offer doesn’t meet the euro region’s conditions for continuing aid. Spanish and Italian securities advanced for a second day. ECB policy makers judged that buying government debt was the only adequate option open to them when they debated quantitative easing last month, an official account of the meeting showed Thursday.