German bund yields climbed to a one- month high while Italy’s bonds rose for the first time in six days before the governments sell debt. European stocks and U.S. equity-index futures declined. The yield on 10-year German bunds jumped eight basis points to 1.51 percent at 9:45 a.m. in London. Italian debt rallied, sending the difference in yield between the nation’s 10-year security and benchmark bunds down 13 basis points. The rate on Denmark’s similar-maturity bond climbed 10 basis points. The cost of insuring against default on European government debt dropped for the first time in four days. The Stoxx European 600 Index lost 0.4 percent, while Standard & Poor’s 500 Index futures slid 0.3 percent. Brent crude rose 0.3 percent. German bund yields climbed to a one- month high while Italy’s bonds rose for the first time in six days before the governments sell debt. European stocks and U.S. equity-index futures declined. The yield on 10-year German bunds jumped eight basis points to 1.51 percent at 9:45 a.m. in London. Italian debt rallied, sending the difference in yield between the nation’s 10-year security and benchmark bunds down 13 basis points. The rate on Denmark’s similar-maturity bond climbed 10 basis points. The cost of insuring against default on European government debt dropped for the first time in four days. The Stoxx European 600 Index lost 0.4 percent, while Standard & Poor’s 500 Index futures slid 0.3 percent. Brent crude rose 0.3 percent.

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