Urgency of rescue eases as Spain's bond yields decline

10/17/2012 | Market News International · Google · Bloomberg

Pressure on the Spanish government to request an EU rescue eased after its cost of borrowing fell to a six-month low. The yield on Spain's benchmark 10-year bond dropped below 5.5% for the first time since early April. Spain is expected to delay a request for aid until it can clarify whether the German government will oppose or support the action.

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Market News International · Google · Bloomberg

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