Spain Bonds Rise a Fifth Day as Scots Vote Eases Catalan Concern

September 19, 2014 8:32 AM

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Spain’s government bonds advanced for a fifth day after referendum results in Scotland showed voters rejected independence from the U.K., easing concern that the Iberian nation’s Catalonia region will break away.

Ten-year yields dropped the most in two weeks before the Catalan parliament votes today on whether to approve the legal framework for a November referendum on independence. Italian and Irish securities rose, while benchmark German bunds declined for a second day. Traders of Spanish debt have monitor...

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