A Sign That The Euro Crisis May Be Behind Us

The Spanish 10-year bond fell below 5 per cent fro the first time since March 9, 2012, reports Bloomberg.

This is a notable milestone for the country that continues to struggle with its heavy debt load.

Yes, Europe continues to have a lot of work ahead.  However, skyrocketing borrowing costs, which are symptomatic of a crisis mindset, seem to be behind us for now.

Here’s a look at the one-year chart via Bloomberg.

spain yield

Photo: Bloomberg

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