Friday, January 7, 2011
Spanish, Portuguese bond rates rise on debt worry
Ten-year Spanish bond yields have risen today to '5.536 percent from 5.460 percent at the close of trading on Thursday'. The rates for Portugal are higher still (up to 7.161 percent from 6.957 percent). According to bond strategist at BNP Paribas bank Patrick Jacq: "We are in the same framework as at the end of 2010: the problem for these countries remains their sovereign debt. These countries