Tuesday, June 26, 2012

Breaking news: Spain borrowing costs soar!

Little surprise that investors are demanding increased return for the increased risk of buying Spanish sovereign debt!

Even with only 3 and 6-month maturities!

"...The interest rate on 3-month bills was 2.36 percent, nearly triple the 0.85 percent paid in the last such auction on May 22. The rate on the 6-month bills was 3.24 percent, nearly twice as much as the 1.7 percent paid in May..." (Source)

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