Spain’s 2Q12 GDP data declined 1 percent on a y/y basis and 0.4 percent on a q/q basis. The country, mired in debt, saw proof of that in the falling GDP numbers, rising bond yields and falling stock markets.
10 yr bond yields jumped to around 7.5 percent while its IBEX Index 183 points or almost 3 percent. (CNBC)
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