Spain leads Europe higher on breakthrough for PM Rajoy

Stock markets rose on Monday, led in Europe by a surge for Spain's IBEX index on signs of an end to 10 months of political deadlock that has paralyzed government in one of the countries worst-hit by the euro zone's debt crisis. The bond yields at which governments in Europe's debt-ridden southern countries fund their budget gaps were also sharply lower, 10-year bond yields falling 5 basis points in Spain and 15 in Portugal after a ratings decision seen as crucial to keeping the European Central