Spanish bond yields top 7% (again)

By Ben Rooney @CNNMoneyInvest June 18, 2012


NEW YORK (CNNMoney) — As the political crisis in Greece slowly moves toward a resolution, Spain continues to lose credibility in the bond market.

In a sign of continued jitters over the euro debt crisis, the yield on Spanish 10-year bonds jumped to 7.1%, up from about 6.9% late last week.

The yield, which rises when prices fall, first rose above 7% last week, marking the highest level since the euro was launched in 1999.

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