OH CRAP: Spanish Yields Just Hit A New Record

The Spanish government completed a short-term debt auction earlier this morning.

Demand was better than it was at a similar auction in June, but borrowing rates were up.

And this morning we’re watching Spanish borrowing rates across the board rise again. Spain’s 10-year bond is at a staggering 7.590%, after being as high as 7.607% moments ago.

Here are intraday and 1-year charts of the Spain’s 10-year bond.

spanish yield

Photo: Bloomberg

spanish yield

Photo: Bloomberg

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