Spanish bonds' interest rates climb

Note: This section contains information in English only.
Source: Bloomberg Businessweek
Spanish borrowing cost rose after EUR 2.98 billion (out of maximum EUR 3 billion)of notes were sold. Bonds' due 2014 yield climbed from 4.335% to 5.204% since June 7. Five-year bond gained 0.378% since June 21 and were sold at interest rate of 6.459%, while seven-year securities' average yield became 6.701%. Though Spain is oriented on selling short-term debts as paying 7% interest for investors is rather high under current conditions.

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