Spanish ten-year bonds hit 7 per cent

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Spanish ten-year bonds hit 7 per cent

Level seen as psychologically important

By Alex Hern [1] Published 14 June 2012

Level seen as psychologically important

Spain's flag. Photograph: Getty Images
Spain's flag. Photograph: Getty Images

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 [2]:

Tags: Eurocrisis [3]  Spain [4]   [5]   [5]

 
 
Source URL: http://www.newstatesman.com/economics/economics/2012/06/spanish-ten-year-bonds-hit-7-cent