Spanish Debt Insurance Costs Hit New High - Wall Street Journal

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BY SERENA RUFFONI

LONDON—The cost of insuring Spanish sovereign debt against default hit yet another record high Friday, rising 12 basis points from Thursday's close to 562 basis points as its banking system is under severe stress, undermining investors' confidence and threatening to once again push the country's borrowing cost to unsustainable levels.

Late Thursday, ...

BY SERENA RUFFONI

LONDON—The cost of insuring Spanish sovereign debt against default hit yet another record high Friday, rising 12 basis points from Thursday's close to 562 basis points as its banking system is under severe stress, undermining investors' confidence and threatening to once again push the country's borrowing cost to unsustainable levels.

Late Thursday, ...