Spanish yields reach 7%

Note: This section contains information in English only.
Source: Bloomberg
Spanish 10 year yield has reached 7.13% - the euro era record. Spanish sovereign debt securities are the worst performing amongst 26 markets after June 9, when Spain asked for around EUR 100b loan for a banking sector bailout. Such loan would increase Spains debt to around 90% of it's GDP. Specialists state that after such developments Spain most likely will be the fourth Euro nation which will require external funding. 
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Mon, 18 Jun 2012 13:31:55 GMT

FTSE 100 retreats from strong morning gains

UK FTSE 100 accelerated in the Monday morning session boosted by initial Greek election results. However, index retreated during session the victory of pro-austerity forces failed to provide sustainable rally in the European markets. Banks posted losses after Spanish yields surpassed 7% level. Lloyds Banking Group fell 2.8% and Royal Bank of Scotland Group tumbled 4%. Rolls-Royce Holdings climbed 1.5%

Mon, 18 Jun 2012 11:05:55 GMT

Gold retreated after elections in Greece

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