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Stocks extend longest slump this year
April 10, 2012
April 10, 2012
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CONTINUED...
Colleen Supran, a principal at the investment adviser Bingham, Osborn & Scarborough. "And Spain is a much bigger problem than Greece."
The yield on 10-year Spanish bonds rose to almost 6 percent. The point at which governments can no longer afford to raise money on the international bond markets and must seek bailouts is generally considered to be 7 percent.
The 7 percent level forced Greece, the last focal point of the European debt crisis, to seek rescue loans. But Spain's economy is more than five times as large as Greece's.
In the United States, investors waited for an earnings
Colleen Supran, a principal at the investment adviser Bingham, Osborn & Scarborough. "And Spain is a much bigger problem than Greece."
The yield on 10-year Spanish bonds rose to almost 6 percent. The point at which governments can no longer afford to raise money on the international bond markets and must seek bailouts is generally considered to be 7 percent.
The 7 percent level forced Greece, the last focal point of the European debt crisis, to seek rescue loans. But Spain's economy is more than five times as large as Greece's.
In the United States, investors waited for an earnings
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