Yield on 10-year Spanish bonds shoots back above 6pc

PARIS: The yield on Spanish 10-year bonds rose sharply Tuesday back above 6.0 percent for the first time in over a week following a meeting of eurozone finance ministers where there was no progress on a possible Spanish bailout.

At 0628 GMT the yield on 10-year Spanish government bonds rose to 6.095 percent on the secondary market, compared to 5.714 percent at Monday's close. It had been below 6.0% percent, a level considered by many economists to be unsustainable in the long term, since September 28.