Spain is looking more like Greece, as austerity protests and planned budget cuts shoot yields on...

Spain is looking more like Greece, as austerity protests and planned budget cuts shoot yields on Spanish 10-year bonds near 6%. The Catalonia region announces snap elections, which could lead to independence for Spain’s most economically important region. IBEX plunges 3.4%, and Banco Santander (NYSE:SAN) - also seeking to raise $4B via a Mexico IPO - is 2.2% lower premarket.