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Moody Cut Sends Spanish Bonds to Dangerous High

Italy's borrowing costs jump as well

By Kevin Spak,  Newser Staff

Posted Jun 14, 2012 7:15 AM CDT

(Newser) – Spanish bond yields hit a whopping 7% today, after Moody's cut the country's credit rating to just one level above "junk" yesterday. The New York Times ominously notes that the 7% mark is the level that "triggered" full-blown bailouts of other...   Read full story »

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