Yields on 10-year sovereign bonds for both Spain and Italy fell at today’s auctions. Spanish yields fell by 26 basis points, to 4.67% and Italian yields fell by 17 basis points to 5.88%. The strong showing is based on traders’ belief that a conclusion is about to be reached on the Greek debt swap deal.
The spread between Italian and German debt narrowed by 15 basis points, to 4.03%.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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