Spain And Italy Are Getting Hammered In The Bond Markets (Again)

Spanish and Italian borrowing costs are soaring higher again, an ominous sign that near-term worries about Europe remain high.

Check out the damage today:

Italian 10-year yields are a marginally worrisome 6 basis points higher, but have once again broken an important 6.0 per cent benchmark.

Photo: Bloomberg

But the big news is all about Spain.

UPDATE (6:48 AM ET): Spanish yields have finally hit that 7 per cent benchmark, above which other bailed out countries have asked for aid to finance government spending.

Spanish 10-year yields are up 23 basis points to 7.0 per cent:

Photo: Bloomberg

NOW READ: Martin Wolf Explains Why The ECB Will Always Disappoint >

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