Yields on 10-year Spanish government bonds rise 9 bps to 5.89% following S&P's ratings...
Yields on 10-year Spanish government bonds rise 9 bps to 5.89% following S&P's ratings downgrade, although it's not the biggest spike ever seen. Two-year yields are +10 bps to 3.37%. Ahead of an auction of up to €6B of Italian debt later, the country's 10-year yields are +4 bps to 5.15% and 2-year yields are +5 bps to 2.41%.
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