Spanish bonds fall for third day after demand drops at five-year auction

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Source: Bloomberg
© Scanpix\Reuters
Spanish government bonds declined, with 10-year notes retreating for the third day in a row, as demand fell at a sale of the Spain's five-year securities. Spanish five-year bond yield advanced six basis points and the 4.5% security expiring in January 2018 dropped to 103.685. The 10-year note yield jumped three basis points to 4.80%.
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