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Markets

Spanish yields rise as Madrid mulls bailout request

Published Updated

spanish-bondLONDON: Spanish government bond yields rose on Monday on signs that Madrid is making slow progress towards asking for the international bailout that markets are anticipating.

Spain's economy minister Luis de Guindos said over the weekend that his country will not rush to seek external aid to finance its debt.

The Spanish 10-year bond yield rose 6 basis points to 5.85 percent and two year yields also rose.

Copyright Reuters, 2012

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