Italy’s Bonds Advance as Yields at 2015 High Attract Investors
This article is for subscribers only.
Italian and Spanish 10-year government bonds led a rally in euro-area sovereign markets as the highest yields this year attracted investors.
The securities erased intraday losses that earlier pushed yields to levels that drew buyers to the nations’ debt, supported by purchases by the European Central Bank under its quantitative-easing program. The recent selloff in fixed-income markets was driven by a rebound in oil prices and improvement in economic data that fueled speculation that the 30-year bull market in bonds is coming to an end.