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.
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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