Spanish and Italian 10-year bond yields start the year on the right note - as far as governments...

|By:, SA News Editor

Spanish and Italian 10-year bond yields start the year on the right note - as far as governments are concerned - with those of Spain dropping 11 bps to 5.16%, the lowest since March 20, and those of Italy dropping 17 bps to 4.35% after touching 4.34%, the lowest since December 2010. The ECB's pledge to buy sovereign debt could help the rally continue well into 2013.