Greek contagion keeps Italy, Spain, Portugal bonds on ropes

  • World Premium
  • Wednesday, 17 Jun 2015

LONDON (Reuters) - Southern European sovereign bonds remained under pressure on Wednesday as the wrangling between Greece and its creditors raised the spectre of default and the country's exit from the euro.

The three-day sell-off in riskier assets has renewed a bid for safe-haven German Bunds, which could help demand for a 3 billion-euro 10-year sale in Berlin. Results were poor at auctions over the past two months as strong inflation data led investors to reassessed record low yields.

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