Sovereign bond yields, which dove anew as the ECB LTRO results were announced, are on the march...

|By:, SA News Editor

Sovereign bond yields, which dove anew as the ECB LTRO results were announced, are on the march higher. We'll stick to 2 year paper as that's where much of the action has been, given the ECB lending is for 3 years: Spanish 2-years are up 12 bps to 3.47% after falling as low as 3.23%. Italian 2-years up 25 bps to 5.22 after sinking all the way to 4.73%.