Spanish Five-Year Note Yield Increases to Euro-Era Record 5.82%

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Spanish five-year notes fell for a third straight day, driving the yield 11 basis points higher to 5.82 percent at 7:35 a.m. London time. That’s the highest since before the euro was created in 1999.

Italian five-year notes also fell for a third day, pushing the yield up nine basis points to 7.12 percent.