LONDON Oct 3 Spain's 10-year government bond
yield fell to a new record low on Monday, on hopes that the
resignation of the Socialist party's leader at the weekend would
help pave the way for the formation of a new government.
The leader of Spain's Socialists, Pedro Sanchez, resigned on
Saturday after losing a vote triggered by a party revolt, a step
that could pave the way for the formation of a new government
and end a nine-month political deadlock.
Spain's 10-year bond yield fell to record low at 0.872
percent, down 1.6 basis points on the day.
(Reporting by Dhara Ranasinghe; Editing by Alison Williams)