Spanish Government Bonds Advance With Italian, German Securities

Spanish government bonds advanced, reversing a drop that earlier had sent the 10-year yield above 2.5 percent for the first time since August.

The country’s 10-year bond yield dropped five basis points, or 0.05 percentage point, to 2.36 percent at 1:26 p.m. London time, after rising to 2.54 percent, the highest since Aug. 14. The 1.6 percent security due April 2025 rose 0.42, or 4.20 euros per 1,000 euro face amount, to 93.38.

Italy’s 10-year yield fell seven basis points to 2.29 percent, while Germany’s slid five basis points to 0.78 percent.

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