Angeline Benoit and Ben Sills report for Bloomberg in Spanish Bonds Fall Even as Rajoy Unveils More Budget Cuts 04/10/2012 that Spanish bonds yields are climbing near 6% (600 basis points) again, a level that has become a signal in the EU crisis that the cost of borrowing is becoming unsustainable:Prime Minister Mariano Rajoy yesterday unexpectedly announced the 10 billion-euro package, less than two weeks after unveiling the most austere budget in more than three decades.
Greece's ten-year bond yield has hit 8.13%, the highest level since 1998, after it was learned that the country's budget deficit was even worse last year than originally thought. Bloomberg: The EU’s statistics office said today Gree... Read Post
Spanish 10-year yields have jumped nearly 20 basis points in the last few minutes, since European Central Bank President Mario Draghi began his press conference at 8:30 AM ET. This likely reflects renewed doubts about the Spanish go... Read Post
This chart showing yields on Spanish 10-year bonds is definitely what you need to watch right now. Yields on these bonds have been climbing ever since the last of the European Central Bank's two three-year long-term refinancing oper... Read Post