Spanish Bonds Advance With Portugal’s Amid Signs Crisis Abating

Spanish government bonds advanced for a third week, the longest run of gains in two months, as signs the euro area’s sovereign debt crisis is abating boosted demand for higher-yielding assets.

Portugal’s notes due in February 2016 rose for an eighth week as Standard & Poor’s said the nation was longer at risk of an imminent downgrade and the government sold bills at the lowest rate since 2009. German 10-year bonds advanced for a third week, with yields falling to the lowest since Dec. 4, as a report confirmed inflation in the euro region slowed last month. Italian 10-year securities gained as euro-area industrial production climbed the most since 2010 in November.