Reuters logo
EURO GOVT-Spanish yields rise as Rajoy faces call to resign
February 4, 2013 / 8:26 AM / 5 years ago

EURO GOVT-Spanish yields rise as Rajoy faces call to resign

LONDON, Feb 4 (Reuters) - Ten-year Spanish government bond yields rose on Monday as the country’s opposition party called for the resignation of Prime Minister Mariano Rajoy over a corruption scandal.

Ten-year Spanish government bond yields rose 11 basis points to 5.32 percent, with data showing the number of people out of work rose by 2.7 percent in January from a month earlier also adding to the momentum.

Ten-year Italian government bond yields also rose on concerns that a scandal involving Monte Paschi bank could see a rise in the popularity of the centre-right party in the polls, whose election charge is being led by former prime minister Silvio Berlusconi.

Italian yields rose 9 bps to 4.42 percent.

“It’s that worry of political instability in both Spain and Italy,” a trader said.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below