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.
It's a landmark day for European sovereign bonds, with Spanish and Italian yields soaring. The latest big news: the spread between Italian 10-year bonds and German bunds of the same maturity just hit 400 basis points. Yields on thos... 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