Spanish 10-year government bonds extended a decline as demand fell at a sale of 4.02 billiion euros of debt.
The nation’s 10-year bond yield rose 26 basis points, or 0.26 percentage point, to 4.79 percent at 9:49 a.m. London time.
Spain sold 1.52 billion euros of bond maturing in 2023, with investors bidding for 1.84 times the securities on offer, down from 2.52 times at the previous auction on June 6. It also sold debt maturing in 2018 and 2021.
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