EURO GOVT-Spanish, Italian bond yields ease

LONDON, April 30 Mon Apr 30, 2012 10:11am EDT

Related Topics

LONDON, April 30 (Reuters) - Yields on Spanish and Italian government bonds eased on Monday with traders citing some investors covering short positions in thin volumes.

Spanish 10-year yields were last 11 bps lower at 5.79 percent, with the Italian equivalent down 10 bps at 5.55 percent.

"We're seeing a bit of a short-squeeze ... as equities have improved a bit and credit markets have tightened as well," a trader said.

"It looks like Italy is having a decent move, but volumes are particularly low today," one trader said.

Shorter-dated Spanish bonds underperformed ahead of auctions later this week.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.