Sept. 1 (Bloomberg) -- Spanish government bonds extended their drop as the nation sold 3.62 billion euros ($5.2 billion) of five-year securities.

Yields on five-year Spanish bonds climbed nine basis points to 4.35 percent as of 9:38 a.m. in London. Ten-year yields were seven basis points higher at 5.12 percent.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

To contact the editor responsible for this story: Keith Campbell at k.campbell@bloomberg.net