European bonds fluctuate as US debt ceiling debate progresses

Government bonds of European countries fluctuated as U.S. policymakers came closer to making an agreement about new debt ceiling as the House Republican and Senate Democratic politics concern a short-term increase of debt ceiling. Italian 10-year bonds dropped 7 basis points to 4.31%, Austrian 10-year yields advanced 5 basis points to 2.39%, while Spain's debt was at 4.34%.