Bunds Beaten by Spain Means Yields Above Treasuries to JPMorgan

Bunds Beaten by Spain Means Yields Above Treasuries to JPMorgan

Ralph Orlowski/Bloomberg

A streetlight stands and frames the European Central Bank headquarters in Frankfurt. With confidence recovering from last year’s debt crisis, German two-year note yields climbed to a 10-month high in January from below zero, while relative borrowing costs tumbled in Italy and Spain.