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Spanish 10-year government bonds erased their decline, leaving the yield on the securities little changed at 5.79 percent at 10:35 a.m. London time.
Earlier the rate climbed as much as 13 basis points, or 0.13 percentage point, to 5.93 percent.
Two-year note yields were also little changed at 3.28 percent.
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