Bloomberg News

Spanish, French Government Debt Extends Advance Before Auctions

December 01, 2011

Dec. 1 (Bloomberg) -- Spanish and French government bonds extended their advances as the nations prepared to sell debt.

The yield on five-year Spanish notes dropped 11 basis points to 5.75 percent at 9:15 a.m. London time. Spain plans to sell up to 3.75 billion euros ($5 billion) of bonds due in 2015, 2016 and 2017 today.

French 10-year bond yields slid eight basis points to 3.31 percent as the nation prepared for a sale of up to 4.5 billion euros of debt maturing between 2017 and 2041.

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

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net


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