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