WORRIES over the outcome of this week's pan-European elections have driven up the yield on debt from peripheral EU countries, with investors wanting higher premiums to hold onto Spanish, Italian and Portuguese bonds.
The spread between the bonds of debt-troubled governments and German bunds have grown to twomonth highs on fears that elections could lead to anti-austerity pledges that derail deficit-cutting efforts.
"People are a bit more aware of the risk of European elections, which they surprisingly were not paying much attention to last week," said Citi analyst
The yield on Spanish 10-year bonds climbed 2.76 per cent yesterday to 3.09 per cent. Just last week the yield was at 2.86 per cent.
And in the heavily-indebted Mediterranean state of
Most Popular Stories
- Florida Warns Beach-goers About Flesh-eating Bacteria
- Sutherland Responds to 'Unprofessional' Jibe
- LivePro is a Mobile Hot Spot, Projector in One
- Adrienne Bailon Disses Ex-Lover Rob Kardashian
- Business Leaders Set for CHCC Convention
- Is California Going to Land Tesla's Battery Plant?
- DishLATINO Wins Hispanic TV Award
- U.S. Economy Grows at Fastest Pace in 10 Years
- Twitter's Stock Rises on Stellar Revenues
- Beyonce Seen Apartment Shopping in NYC Without Jay Z