Spanish, Italian bonds back under pressure
From reuters.com
Spanish government bonds came under renewed pressure on Friday, widening the yield premium over safe-haven Bunds after data showed the country's banks borrowed heavily from the ECB in March. Spanish banks borrowed 316.3 billion euros from the European Central Bank in March, almost double a month earlier as banks subscribed to the ECB's special three-year liquidity line, data showed on Friday. "We've got renewed fears ... about Spanish banks," one trader said. Spanish 10-year government bond yields were 11 basis points higher at 5.93 percent, widening the spread over Bunds to 426 bps. Italian bond yields were also ...
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