Spanish and Italian bonds appreciated on Wednesday

Spanish and Italian bond increased on hopes for European Stability Mechanism enhancement, after ECB's approval to get a banking license. The yields on Spain's two-year government bonds dropped from a Eurozone's high, falling to 6.46 per cent, after rocketing to 7.147 per cent, the ten-year yield tumbled 21 percentage point to 7.41 per cent. At the same time, the yield on two-year Italian bond declined to 4.97 per cent, and the government's 30-year bond rate jumped above 7 per cent, before erasing 10 percentage points to 6.86 per cent.