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The yield on Spain’s benchmark 10-year government bond, which moves inversely to prices, fell 0.06 percentage point from Tuesday’s close to 4.14% soon after the Bank of Spain’s statement. The extra yield demanded by investors to hold Spanish bonds instead of German Bunds, the gold standard for haven instruments in the euro-zone, narrowed to 2.37 percentage points, the tightest level in two years.
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