HOLY CRAP: The Spanish 10-Year Yield Hit 7.0%

UPDATE
According to FT’s Chris Adams and CNBC’s Ross Westgate, the Spanish 10-year yield just broke through 7.0 per cent on Tradeweb.

SEE ALSO: 14 Reasons Spain Is Turning Into A Disaster >

ORIGINAL (3:48 AM EST)
This is getting scary.

The cost for the Spanish government to borrow for 10 years hit a euro-era, all-time high of 6.90 per cent this morning.  They’ve pulled back ever so slightly.

Still, this goes to show that despite this weekend’s announced Spanish bank bailout, the country still faces its problems.

At least that’s what the markets are saying.

spanish 10 year

Photo: Bloomberg

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