October 16, 2017 / 7:56 AM / a year ago

Spain-Germany bond yield spread widens as Catalonia deadline nears

LONDON, Oct 16 (Reuters) - The gap between Spanish and German 10-year borrowing costs widened in early trade on Monday as uncertainty mounted over Catalonia's bid for independence ahead of a key deadline.

Catalan leader Carles Puigdemont has until 10:00 a.m. local (0800 GMT) on Monday to clarify whether he is calling for the region's independence from Spain, with Madrid threatening a return to direct rule if his stance remains ambiguous.

Spain's 10-year government bond yield -- which moves inversely with price -- rose 2.5 basis points in early trade and the spread over Germany widened 2 bps.

Spain's IBEX stock futures were down 0.4 pct ahead of the open. (Reporting by Abhinav Ramnarayan, Editing by Georgina Prodhan)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below