Rising bond yields spell further Euro misery

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Concern over the Eurozone debt crisis refuses to abate with Spanish borrowing costs hitting their highest levels since the crisis started. The Popular Party’s victory in the Spanish election failed to ease bond yields as a lack of clarity regarding how the party will address the burgeoning debt, unsettled investors. Similar spikes in bond yields were witnessed in Italy, Spain and France. The European Central Bank (ECB) has been buying bonds to curb the rise in yields.

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Rising bond yields spell further Euro misery

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