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Spanish bond yield hits 5-week high on post-election uncertainty

Yield difference between Spanish and Italian bonds at its widest in a month

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Mr Rajoy waves to supporters after results were announced in Spain's general election on Monday. His party returned 123 lawmakers to 90 for the socialists, as Podemos placed third with 69 seats. The Ciudadanos party, a possible ally for Mr Rajoy, got 40 seats.

London

SPAIN'S government bonds fell, pushing the 10-year yield to the highest in five weeks, after an indecisive election left Prime Minister Mariano Rajoy with limited options to forge a governing majority, threatening a period of instability.

The yield difference between Spanish