Is Spain the next Italy?

The short answer is no. But the two countries are begging for comparison, since they’re among the largest economies in the eurozone. And they share the less-than-stellar distinction of seeing their bond yields soaring to sickening heights.

Spain’s 10-year bond yield was trading at 6.37% on Friday. That’s better than the 6.9% high it recently hit but it is still uncomfortably close to 7%. That was the benchmark crossed by Ireland, Greece and Portugal before they got bailed out by their eurozone neighbors.  Read more

Categories: Economics, United States

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