Show Hide image 14 June 2012 Spanish ten-year bonds hit 7 per cent Level seen as psychologically important Spanish ten-year bond yields have just gone above 7 per cent, a level often touted as psychologically important. The news follows last night's double downgrade of Spanish debt, as Moody's downgraded the country to one level above junk. Chart via FT alphaville: By Alex Hern Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.