Italian and Spanish notes extended a decline as two European Central Bank officials said policy makers may wait for Germany’s Constitutional Court to rule on the legality of Europe’s permanent bailout fund before unveiling details of a plan to buy government bonds.
Spain’s two-year note yield climbed seven basis points to 3.79 percent at 12:24 p.m. and the rate on similar-maturity Italian securities increased 13 basis points to 3.33 percent.
Germany’s 10-year bunds extended an advance, pushing the yield five basis points lower to 1.33 percent.
To contact the reporter on this story: Keith Jenkins in London at email@example.com
To contact the editor responsible for this story: Paul Dobson at firstname.lastname@example.org