Spanish Yields Climb to 6% on Concern Debt Crisis Is Worsening

Spanish bonds fell, pushing 10-year yields to 6 percent, amid speculation budget cuts and European Central Bank measures are failing to stem the region’s sovereign debt crisis.

Spanish securities dropped for a second week as data showed the country’s banks increased borrowing from the ECB by almost 50 percent in March. Italian bonds declined for the first time in three days. Germany’s bunds rallied as reports showed the country’s inflation slowed in March and China’s economic growth cooled, spurring demand for Europe’s safest securities.