German 10-year bunds grew on Spain's auction of bills

On Tuesday, German 10-year bunds advanced for the second consecutive day, as Spanish borrowing costs surged at a bills auction, amid worries that the debt crisis in the region is worsening. Yields on benchmark German 10-year bonds declined by 4 basis points and reached 1.52% at 9:51 a.m. in London, which was the lowest since September 11.