Bloomberg News

Spanish Notes Extend Gains as Draghi Says Cyprus is No Template

April 04, 2013

Spanish two-year notes extended their gains as European Central Bank President Mario Draghi said the rescue of Cyprus is not a template for future bailouts in the euro region.

The yield on Spain’s 2.75 percent securities maturing March 2015 fell five basis points, or 0.05 percentage point, to 2.15 percent. The 10-year yield was little changed at 4.92 percent.

To contact the reporter on this story: Lukanyo Mnyanda in Edinburgh at lmnyanda@bloomberg.net

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


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