Spanish bonds brush off election threat as Italian prospects seen worse
Spanish bond yields inched higher Wednesday ahead of a possible snap election call, though the sell-off was limited as Italy’s economic and political prospects look worse, said analysts.
Spanish 10-year government bond yields were around one basis point higher at 1.263 percent, off lows of 1.187 percent hit on Feb. 1 . Five-year bond yields rose 1.8 basis points to 0.24 percent.
Italy’s 10-year government bond yield was last at 2.866 percent, off the lows of 2.57 percent hit at the end of January.