Spanish bond yield hits euro era record

European government bonds fell as Fitch Ratings said euro zone countries face lower ratings because policy makers are failing to demonstrate they can bring the debt crisis under control.

12th June, 2012
Spanish 10-year yields climbed 28 basis points to 6.783 per cent.

Spain’s 10-year bonds extended their slump, pushing the yield up to a euro-era record.

The nation’s 10-year yields climbed 28 basis points to 6.783 per cent at 3:04 p.m. London time, surpassing the previous high of 6.781 per cent, reached on November 17th last.

European government bonds fell earlier as Fitch Ratings said euro zone countries face lower ratings because policy makers are failing to demonstrate they can bring the debt crisis under control.

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