Spain suffers first 10 year yield hike in 16 months

By Craig McGlashan
16 Oct 2014

Spain became the first country from the eurozone periphery to take a hit in the primary markets from the thundering volatility that shook bond prices this week, as its 10 year yields rose at auction for the first time in over a year on Thursday.

Investors took the 10 year paper at an average yield of 2.196%, up 12.1bp from the last auction of the same tenor on October 2 and the first increase at a 10 year auction since June 2013. There was better news for Spain at the 15 year part ...

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