Greece Optimism Cuts Spain Yields Most in 11 Months Versus Bunds

All it took was a glimmer of optimism in Greece’s debt negotiations to fuel a rally in Spanish bonds that cut their yield premium over German bunds by the most in almost a year.

Greek bonds also jumped, pushing the three- and 10-year yields down from the highest levels since 2012, while a slump in German bunds sent yields up by the most in three months.