Italian bond yields jump after EU summit

LONDON: Benchmark Italian government bond yields jumped on Monday after European Union states made steps towards greater fiscal discipline but the outcome of a key EU summit was not seen enough to draw a line under the euro zone debt crisis.

Ten-year Italian government bond yields jumped 22 basis points to 6.6 percent, pushing its premium versus German Bunds 18 basis points wider to 447 bps.

The 10-year Spanish government bond yield rose 14 basis points to 5.94 percent.