By Aaron Smith @CNNMoneyInvest June 19, 2012
NEW YORK (CNNMoney) — Spain’s borrowing costs continued to rise Tuesday, with the yield on the 10-year bond hitting another record high above 7%.
Worries that Spain may need a bailout of its own is fueling investor anxiety.
The yield on the 10-year bond spiked to 7.27% early Tuesday — its highest level since the euro debuted in 1999 — according to Tradeweb, before easing slightly to 7.11%.
The 7% mark is the first warning sign that a country may be headed toward needing financial rescue.