Spanish 10-year bond rate falls below 5.0pc

PARIS: Spain's 10-year borrowing rate on the secondary bond market fell below 5.0 percent on Thursday for the first time since March 2012, in the wake of Spain's first successful issue of new bonds this year.

The rate or yield on existing 10-year Spanish bonds fell to 4.975 percent from 5.134 percent late on Wednesday.

In July it had been above 7.5 percent, putting Spain at risk of a bailout before the European Central Bank announced special measures.