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Spanish bond yields are under increased pressure after ratings firm Egan Jones downgraded the...

May 30, 2012 3:02 AM ETEWPBy: Rachael Granby, SA News Editor
Spanish bond yields are under increased pressure after ratings firm Egan Jones downgraded the country's debt yesterday to B from BB- with a negative outlook, pushing Spanish debt further into junk status. Moody's, Fitch and S&P still rate Spanish debt as investment grade. 10-yr yield +7 bps to 6.483%. (also: Bankia woes, Ordonez departure)

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