“Spain’s 10-year bonds declined for a second day on concern the country will struggle to finance itself as a call for assistance from its most indebted region turned investor attention to other troubled provinces.
The losses pushed yields to the highest in a week after Catalonia, Spain’s largest region, announced yesterday it would seek 5 billion euros ($6.27 billion) in aid after being shut out of financial markets. Italy’s bonds reversed losses after the nation sold 9 billion euros of six-month bills at the lowest yield since March. It aims to sell a combined 7.5 billion euros of debt due in 2017 and 2022 tomorrow. German 10-year bund yields fell to the lowest in more than three weeks.”
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