Greek, Irish Bonds Lead Peripherals Lower After Spanish Sale

Greek and Irish government securities paced declines by so-called peripheral debt in the euro region after demand at a Spanish bond auction fell.

Investors demanded an extra 6.79 percentage points of yield to hold Greek 10-year debt instead of benchmark German bunds at 4:45 p.m. in London, 18 basis points more than yesterday. The yield on Ireland’s 10-year security jumped 21 basis points to 6.64 percent, with the Portuguese 10-year yield 16 basis points higher at 5.94 percent. The two-year German note yield rose to more than 1 percent for the first time in six months.