German Chancellor Angela Merkel gives a press conference on November 27, 2017 in Berlin, following a meeting with her conservative Christian Democratic Union (CDU) party's leadership. (AFP / John MACDOUGALL)
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Southern Europe led a fall in bond yields across the euro area on Monday thanks to strength in the euro and reduced political uncertainty in the region after Germany moved a step closer to resolving the country's political impasse.Spain's 10-year bond yield briefly fell as much as 5 bps to a 2-1/2 week low of 1.447 percent, pushing the gap over German Bund yields to around 109 bps -- down from around 114 bps late on Friday.The Italian/German bond-yield spread was for a while about 4-5 basis points tighter at 141 bps compared with late Friday levels, before easing back out to 144 bps.Germany's 10-year yield was down 2 bps at 0.34 percent .
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