Italian, Spanish bond yields carry on rising

Markets continued to fret over the risk of sovereign credit rating downgrades across the euro zone.

Italian 10-year government bond yields rose 17 basis points to 6.77 percent, widening the spread over Bunds to 475 bps.

Spanish 10-year yields were 12 bps higher at 5.93 percent, with the spread over Bunds at 392 bps.