Spain's borrowing costs exceed those of Greece

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP

Spain's 3-month borrowing costs reached 5.11% more than double the rate requested during previous auction last month. Even Greece has lower yields for 3-month notes as Treasury paid 4.63% for 13-week bonds. Surge in Spanish yields took place after recently elected People's Party asked EU to rescue nation as it cannot afford to pay 7% on its 10-year debt.

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