Spanish bonds fall as unemployment rises

Spanish 10-year bonds fell for the first time in three days after a report showed unemployment rose for an eighth month, adding to concern the nation may struggle to reduce its budget deficit.

3rd April, 2012

Spanish 10-year bonds fell for the first time in three days after a report showed unemployment rose for an eighth month, adding to concern the nation may struggle to reduce its budget deficit.

Italian and Portuguese 10-year bonds also declined, while German bunds were little changed. Spanish two-year note yields rose as the nation said its debt to gross domestic product ratio will climb this year.

The European Financial Stability Facility and Belgium auctioned bills...

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