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Spain is back in the crosshairs [ClearOnMoney]
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Commentary

Spain is back in the crosshairs

22 Nov 2011 by Jim Fickett.

Italy has dominated the headlines recently, but Spain is back in the crosshairs. In an auction on Tuesday,

Spain paid an average yield of 5.11 per cent for the three-month bills, more than double the rate it paid last month and higher than the 4.63 per cent Athens paid last Tuesday. …

Madrid also sold six-month bills on Tuesday at an average yield of 5.23 per cent, up from 3.30 per cent last month. A total of €2.98bn ($4.03bn) of bills was sold with the highest yields in 14 years.