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Post by bot on Apr 16, 2012 18:47:14 GMT -5
Spain 10-year yield pushes above 6% from MarketWatch.com - MarketPulse FRANKFURT (MarketWatch) -- Spanish and Italian government bonds saw renewed pressure Monday, pushing Spain's 10-year yield above the psychologically important 6% level. Earlier, the euro temporarily slipped below the $1.30 level versus the dollar for the first time since mid-February. Spain's 10-year government bond yield rose 0.14 percentage point to 6.10%, according to FactSet Research data. Italy's 10-year yield jumped 0.15 percentage point to 5.60%. Yields rise as bond prices fall. Spanish bonds have been hit hard in recent weeks amid related fears over growth and the ability to meet deficit-reduction targets. The euro traded as low as $1.2993, according to FactSet and changed hands at $1.3008 in recent action, down from $1.3086 in North American trade late Friday.
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