Spanish Bond Yield Rises To Euro-Era High
fxbom.com
05:37 PM
LONDON — The yield on the benchmark 10-year Spanish bond hit a euro-era high Thursday, while French bonds also came under pressure ahead of debt auctions later in the day which will serve as a crucial test of appetite for bonds issued by highly indebted euro-zone countries.
The 10-year Spanish bond yield climbed 20 basis points to 6.57%, according to Tradeweb data, marking the highest yield since the advent of the euro.
The 10-year French bond yield rose three basis points to 3.72%, while the 10-year French/German yield spread climbed seven basis points to a euro-era wide of 195 basis points.
Spain is selling up to EUR4 billion of 10-year bonds, with results due around 0940 GMT. France is selling up to EUR7 billion of bonds across different maturities, with results expected around 1005 GMT.
by Neelabh Chaturvedi, Dow Jones Newswires; + 44 (0)207 842 9495 , neelabh.chaturvedi@dowjones.com
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