Skip to content
Subscriber Only

Spanish Yields Climb to 5-Month High on Greece Concern

Spanish 10-year bond yields rose above 6.3 percent for the first time in more than five months as Greece moved closer to a possible exit from the euro area and German Chancellor Angela Merkel’s party lost a state election.

German, Finnish and Dutch yields reached record lows as investors favored the highest-rated countries. The cost of insuring against a sovereign default by Spain rose to an all-time high. Italian 10-year yields jumped by the most since January as a report showed euro-area industrial production unexpectedly contracted in March. Data tomorrow may show the region’s economy shrank in the first quarter.