RSS
Spain's borrowing costs nearly triple
A

day after Spain formally requested aid for its banks from its fellow eurozone members, the country's short-term debt costs nearly tripled. In a pair of short term-auctions Tuesday, the Treasury sold 3.1 billion euros ($3.9 billion) in two maturities, paying a 2.363 percent yield on a 3-month bill, up from .846 percent in May. The yield on a 6-month bill also rose steeply, from 1.7 percent in May to 3.24 percent. 

EDITORS' PICKS

THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER

Subscribe to the Week