Spain's bond yields drop to all-time low

Government bonds in Spain increased on Thursday with 2- and 5-year yields falling to all-time lows after the country's auction yesterday totalling 3.53 billion euros in five-year securities with the lowest yields ever. Spain's 2-year bond yields declined six basis points to 0.98% as of 10:02 a.m. in London following a drop to 0.969%.