Look How Eurotarp Has Already Failed Spain
Spanish 10-year yields have hit a new high as Spanish bonds have routed. They now yield 4.86%.
One can see by the charts below how Spanish bond yields spiked during the beginning of May, but then came crashing after Europe and the IMF announced a nearly $1 trillion bailout plan for troubled Eurozone nations.
The bailout announcement seemed to cool market concerns... for about a month. Now investors are less confident than ever in Spanish debt
Read more: http://www.businessinsider.com/spanish-bond-yields-explode-2010-6?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz0r1xQ1bLy
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