Spanish Bond market

HOLY CRAP: The Spanish 10-Year Yield Hit 7.0%

Business Insider,

June 14, 2012

According to FT's Chris Adams and CNBC's Ross Westgate, the Spanish 10-year yield just broke through 7.0 percent on Tradeweb.

ORIGINAL (3:48 AM EST)

This is getting scary.

The cost for the Spanish government to borrow for 10 years hit a euro-era, all-time high of 6.90 percent this morning.  They've pulled back ever so slightly.

Still, this goes to show that despite this weekend's announced Spanish bank bailout, the country still faces its problems.

At least that's what the markets are saying.

Bloomberg