Spanish and Italian Bond Yields Reach for the Skies on Political Woes

Spanish and Italian Bond Yields Reach for the Skies on Political Woes
On Monday, yields on Spanish 10-year sovereign bonds posted their biggest one-day rise this year, gaining 23 basis points to hit 5.40 percent. Italian bonds moved in tandem, with 10-year sovereign bond yields posting a 14 basis point rise to hit 4.47 …

TREASURIES-Bond prices fall on less glum European data
The market sell-off was also spurred by lower yields on Italian and Spanish sovereign debt after they jumped on Monday on worries about possible major political shake-ups in euro zone's third and fourth biggest economies. Another factor exacerbating …
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Hasenstab warning
Investors should sell their holdings of supposedly “safe” long-dated sovereign debt now, as yields on such securities are likely to spike significantly, Michael Hasenstab, who oversees a $ 175bn bond portfolio at Franklin Templeton, has warned. Ruling …
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