Spanish Bonds, Stocks Fall as Catalan Breakaway Risks Rise
- Benchmark bond yields climb to the highest since July
- Nation faces increased political risk: Standard Chartered
Catalonia Vote Turns Violent as Spain Holds Firm
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Spain’s benchmark bonds fell to the lowest in almost three months after Catalan separatist leaders signaled they may be moving toward a unilateral declaration of independence.
The nation’s 10-year bonds snapped a two-day rally as regional leaders suggested the declaration may come as early as this week following unrest during Sunday’s referendum. Spanish stocks slid and the euro declined as well, with more than 85 percent of those who voted backing independence -- defying the central government, which deemed the ballot illegal.