CATALONIA ---- Spanish Bonds Tumble as Scotland Swing Spurs Catalan Comparisons - Bloomberg
Spain’s government bonds fell, undermined by
the Catalan region’s crescendoing push for independence, as polls 1,000
miles away in Scotland showed increased support for its own bid to break
from the U.K.
Spanish 10-year yields climbed the most
in close to four months, the biggest surge among euro-area securities. A
survey today gave fresh evidence of Scottish support for leaving the
307-year-old union before voters decide on Sept. 18. Catalonia has
defied Spain’s central government with plans to hold a Nov. 9 referendum
on its own status. Most euro-area bonds fell as investor demand waned
amid a lack of information on the scope of the European Central Bank’s
asset-purchase plan.
