Spanish and Italian bond yields ease ahead of Spain's bond sale Thursday, with the good feeling from hopes of a Greek aid deal and debt buyback continuing to spread to other euro-zone bond markets. Spain auctions up to EUR3.5 billion of 3- and 5-year bonds at 0930 GMT, in a sale that will see the country begin pre-funding its 2013 borrowing needs. Market participants will also be keeping an eye on euro-zone flash PMIs, which are released at 0900 GMT. Spain's 10-year yield is down 2bps at 5.68%, while Italy's is down 1bp at 4.83%.
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