Markets
Yields soar on Spanish bonds
MADRID : Spain was forced to offer sharply higher returns on Tuesday to sell 4.45 billion euros ($6.32 billion) in gov
MADRID: Spain was forced to offer sharply higher returns on Tuesday to sell 4.45 billion euros ($6.32 billion) in government bonds as investors worried over sovereign debt burdens in the eurozone.
On the 12-month bonds, the average rate or yield soared to 3.702 percent from 2.695 percent at the last such auction on June 14.
For 18-month bonds, the yield was up to 3.912 percent from 3.26 percent.
Copyright AFP (Agence France-Presse), 2011
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