Spain Leads Euro-Area Bond Losses as Irish Margin Cost Raised
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Spain led declines in the bonds of the euro region’s most-indebted nations as LCH Clearnet Ltd. increased its margin requirements, or cost of trading, in Irish government securities for the third time this month.
Spanish 10-year yields rose for an eighth day even as the nation’s deputy finance minister said the government doesn’t foresee problems tapping markets. Irish 10-year yields were near the highest since before the euro’s 1999 debut as the announcement of a new budget amid European Union-led aid talks failed to reverse investor sentiment. French, Dutch and Italian bonds declined as European Central Bank board member Axel Weber said the regional rescue fund could be ramped up if needed.