Spanish Yields Surge

Markets are tanking across Europe with the Spanish and Italian stock markets off by over 2%.

Borrowing costs in Spain are also rising.  The Spanish 10-year yield just went north of 6.01% after opening at 5.78%.

Spanish leaders are under intense pressure to produce a tight budget, which means harsh austerity.  This has brought Spain’s citizens to the streets in protest.

Here’s a one month look at the Spanish 10-year yield.

spanish 10 year

Photo: Bloomberg

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