Spanish 10-year bonds advanced, reducing the extra yield investors demand to hold the securities over similar-maturity German bunds for a second day.
Spain’s 10-year yield slid four basis points to 5.33 percent at 8:06 a.m. London time, narrowing the spread over bunds by six basis points to 345 basis points.
The two-year Spanish note also rose, pushing the yield down three basis points to 2.48 percent.
To contact the reporter on this story: Lucy Meakin in London at email@example.com
To contact the editor responsible for this story: Paul Dobson at firstname.lastname@example.org