Yields on Spanish bonds surge on prolonging the payback period for Greece

Spanish bonds dropped, triggering an increase in the 10-year yield, as IMF and eurozone finance ministers did not come up with a strategy on how Greece can pay back its debt. The yield advanced 6 basis points, or 0.06 percentage point, to 5.95%. The 5.85% security maturing in January 2022 lost 0.435 per 1,000-euro to 99.265.