LONDON Feb 4 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
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.