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Stock impact report

Spanish bonds, stocks sell off as Catalan ultimatum looms [Reuters]

Banco Bilbao Vizcaya Argentaria S.A. (BBVA) 
US:NYSE Investor Relations: shareholdersandinvestors.bbva.com
Company Research Source: Reuters
Spanish bonds, stocks sell off as Catalan ultimatum looms | Reuters Reuters Staff 3 Min Read * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr By Abhinav Ramnarayan LONDON, Oct 16 (Reuters) - Spanish bonds and stocks sold off on Monday as Catalonia’s leader failed to spell out his stance on independence minutes before a deadline from Madrid to do so, sweeping away calm generated last week by soothing messages from the ECB. Carles Puigdemont’s silence over the ultimatum, which paves the way for the central government to take control of the region and rule it directly, put political risk back at the head of the investor agenda. Late last week, euro zone bonds had rallied market after the bloc’s monetary policymakers suggested extraordinary stimulus measures would remain in place for longer than some had expected. But this move was reversed in Spanish and Italian bonds on Monday. The yield -- which moves inversely price -- on Spain’s 10-year government bond rose 2 basis points an Show less Read more
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