Spanish Bonds Set for Volatility With Repeat Election Looming
- 10-year yields jump most in 2016 Friday as U.K. chooses Brexit
- Sunday’s election may once again be inconclusive, polls signal
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Spanish government bonds may see more volatility next week after voters go to the polls Sunday to try to break a six-month political deadlock over who will govern the euro region’s fourth-largest economy.
The nation’s securities plunged on Friday, with the 10-year yield jumping the most this year, after Britain voted to quit the European Union. Riskier assets suffered as the decision threw uncertainty onto the political future of Europe, bolstering speculation other nations will move to hold similar referendums.