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Spain's 10-Year Bond Yield Shoots Past 6 Percent

12:37 PM, Apr 16, 2012   |    comments
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MADRID (AP) - The yield on Spain's 10-year government bonds has shot past the 6 percent mark as fears rise the country may eventually be obliged to seek a financial bailout.

The rate jumped to 6.10 percent early Monday on the secondary market, according to FactSet. It closed at 5.93 percent Friday after a week of market tension.

It is the highest rate since the new conservative government took office in December.