Wednesday, November 16, 2011

Full-Blown Contagion: Spanish 10-Year Passes 6%

Apparently Spain doesn't want to wait for Italy to fail first, it wants to join the party!  Somewhat under the radar today, the Spanish 10-year yield closed at 6.33%, up nearly 4% on the day, set a new all-time high, and is now clearly going parabolic.
At this pace, the Spanish 10-year notes will pass the point of no return of 7% by the end of the week!


6.33600 0.23000 +3.77%
As of 11/15/2011. All times are ET. Market data is delayed by at least 15 minutes.