Spanish Bond Spreads Tightest in Year as Italy’s Appeal Wanes

Updated on
  • Yield gap to German, Italian bonds shrinks as new debt sold
  • ‘Political risks receded to some extent’: Nordea Bank

Investors seeking opportunities in the euro area’s periphery are focusing on Spain, where the Treasury sold three-year notes yielding less than zero for the first time, endorsing the country’s debt even as it begins an eighth month struggling to form a government.

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