Spain-German spread above 500 basis points

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Source: Bloomberg

Spain's intentions to recapitalize Bankia using sovereign debt triggered investors doubts and drove demand for Spanish bonds down. For the first time after May 15 the Spain-German 10 year maturity bond yield spread exceeded 500 basis points. At 8:00 GMT yield for Spanish securities reached 6.4% in comparison to 1.38% of German. 

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Mon, 28 May 2012 10:34:58 GMT

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