Market Commentary and Intraday News
Spanish bond yield hits 7 percent
335 days ago
(AP:MADRID) Span's borrowing costs broke through the level where its debt is seen by many market watchers as unsustainable Monday, despite the victory by pro-bailout parties in the Greek elections.
Financial data provider FactSet said that shortly after 0900 GMT the interest rate on Spain's 10-year bonds _ an indicator of market confidence in how well a country can pay down its debt _ stood at 7.02 percent. That marked a rise of nearly 15 basis points for the day, in which the yield had initially fallen. Stocks were down 1.5 points.
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