Spain Hits Junk Bond Territory
Published / Last Updated on 29/05/2012
Spain Hits Junk Bond Territory.
As fears about Spain's debt continue, the difference between the cost of Spanish and German bonds hit a new record. German government bond yields fell to 1.34%, while Spain's rose to 6.55%
Yields reflect how much investors demand in return for holding a bond, with a higher yield an indication of the perceived risk.