Skip to content
Subscriber Only

Italian Bonds Slide on Inconclusive Elections; German Bunds Gain

Italy’s government bonds slumped, leading declines among securities from Europe’s high-deficit nations, as inconclusive election results triggered renewed concern that the region’s sovereign-debt crisis will worsen.

Italian 10-year yields climbed the most in 14 months as results showed pre-election favorite Pier Luigi Bersani won the lower house by less than a half a percentage point, while Silvio Berlusconi, the former premier fighting a tax-fraud conviction, gained a blocking minority in the Senate. Spanish and Portuguese securities also slid, while German and Finnish bonds advanced for a fourth day. Italy sold 8.75 billion euros ($11.4 billion) of six-month bills at the highest yield since October.