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 hit a fresh low, as investor appetite for eurozone periphery debt continued to improve. The average yield on debt due in 2024 fell to 3.059 per cent at a primary auction on Thursday morning, down from 3.291 per cent at the last sale.
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  • Spain’s borrowing costs hit record high
    SPAIN’S borrowing costs have hit a euro-era record high after Moody’s announced it has downgraded the country’s debt rating to just one notch above ‘junk’ status. Lenders are now demanding a higher interest rate with the yield on 10-year bonds ...
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