Spain's Yields Fall to Four-Month Low After Nation Sells Debt
- Bonds rise as sales cement post-Catalonia vote recovery
- Nation completes first bond auction since Sept. 27 elections
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Spanish bonds rose, pushing the 10-year yield to the lowest in four months, after the government’s sale of debt benefited from a resurgent appetite for riskier assets in Europe’s financial markets.
The extra yield, or spread, that investors get for holding Spanish 10-year bonds instead of equivalent German debt narrowed to the least in more than a week. Spain sold securities due between 2018 and 2025, its first offering since regional elections at the weekend saw Catalonia’s separatists fall short of securing 50 percent of the vote.