SPANISH BOND YIELDS HIT EURO-HIGH

UPDATE:

Spanish 10-year yields just hit a record Euro-area high, topping 6.829 per cent.

That represents a 30 basis point jump this morning or a 5 per cent single day surge. 

The jump came as ratings agency Fitch said it had cut long-term credit ratings of 18 Spanish banks. 

Spanish 10YR

Photo: Bloomberg

ORIGINAL:

For the second straight day, Spanish borrowing costs are surging.

This is the fastest collapse of bailout optimism ever.

Yields on 10-year bonds have passed 6.7%!

Early yesterday morning they were sub-6%!

image

Photo: Bloomberg

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.


Tagged In

moneygame-us spain