Spanish stocks tumbled even further Friday after Catalan’s parliament voted to declare independence from Spain. The IBEX 35 sank 2% to 10,139.80 in afternoon trade. The yield on 10-year Spanish government bonds rose 4 basis points to 1.591%, according to Tradeweb. Yields rise as prices fall. Spain’s Prime Minister Mariano Rajoy in a Friday afternoon tweet asked for peace for Spain and vowed the rule of law will be restored in Catalonia. The euro was little changed after news of the Catalan vote, remaining below $1.1600 against the U.S. dollar at $1.1590.
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