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Spanish fever recurs, pushing up borrowing costs

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Spanish fever recurs, pushing up borrowing costs

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Investors have become wary of Spain’s financial health again, forcing the government to pay ever more to borrow money.

Ten year bonds went above 6 per cent, after data showing Spanish banks borrowed record amounts from the ECB.

There are fears Spanish bonds might hit the psychological 7 per cent panic barrier unless the ECB starts buying again.