Bond market jitters after elections

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Bond market jitters after elections

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Renewed worries about the eurozone debt crisis after the disastrous result for the Greek pro-bailout parties in the county’s election led to a sell-off of Spanish and Italian bonds on Monday.

Investors fled to the relative safety of German Bunds, pushing them to a record high.

Bond markets are also waiting to see how the election of French socialist Francois Hollande will affect the German-led austerity drive.