Spain's Borrowing Costs Hit New High

Concerns about Spain's ability to overhaul an ailing banking system sent Spanish borrowing costs to a record high, prompting a new call from Prime Minister Mariano Rajoy for the EU to take action to calm market turmoil.

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  • Spain's Borrowing Costs At Fresh High After Moody's Cut
    Spanish 10-year bonds hit euro-era highs on Thursday morning surging to 7% ... The Spanish downgrade and subsequent uptick in yields led to higher borrowing costs for Italy, with yields on three-year bonds rising to 5.3%, up from 3.9%.
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  • Spain's borrowing costs at fresh high after Moody's cut
    Spain's borrowing costs have risen to another euro-era record, with lenders demanding a higher interest rate. The yield on benchmark 10-year bonds hit 7% in early trade, a level which many analysts believe is unsustainable in the long term. It later fell ...
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