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  • Spanish 10-year government bond yield hits 7% for the first time putting the eurozone under further strain

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  • Portugal’s 10-year bond yield climbed 199 basis points to a euro-era record 17.22 percent. The cost of credit-default swaps insuring $10 million of Portuguese sovereign debt for five years rose to a record $4.25 million in advance and $100,000 annually, according to CMA prices at 2:30 p.m. in...

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  • Devaluation, Inflation Ten years after euro bank notes replaced national currencies on Jan. 1, 2002, the euro has for the first time recorded two consecutive annual losses against the U.S. dollar while plunging to a record low against the yen. A weaker euro and faster inflation may help the...

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