ECONOMY

Brexit fears batter southern European gov’t bonds

brexit-fears-batter-southern-european-gov-amp-8217-t-bonds

Government bond yields in Europe’s southern periphery rose sharply on Monday after a poll showed a significant 10-point lead for those campaigning to take Britain, the world’s fifth largest economy, out of the European Union.

Italian and Spanish 10-year yields rose 7 basis points to 1.38 and 1.51 percent respectively, while Greek yields were up some 40 bps at 8.07 percent.

[Reuters]