Spain's borrowing costs shot to a euro-era record of 6.975% in an auction of sovereign debt this morning. Spain has paid the highest rate since 1997 to sell its 10-year debt in a bond auction this morning. It paid 6.975% - a 7% level is seen as ... Spain's cost of borrowing soars
Wednesday, November 16, 2011
Spain's cost of borrowing soars
Spain's borrowing costs shot to a euro-era record of 6.975% in an auction of sovereign debt this morning. Spain has paid the highest rate since 1997 to sell its 10-year debt in a bond auction this morning. It paid 6.975% - a 7% level is seen as ... Spain's cost of borrowing soars
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