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    Spain's short-term debt costs jump

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    euronews (in English)

    by euronews (in English)

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    Spain's short-term borrowing costs nearly tripled at its latest auction of government bonds.

    The almost three-fold increase in interest rates Madrid is having to offer underlined the country's precarious finances.

    The yield paid on a 3-month bill was 2.362 percent, up from just 0.846 percent a month ago. For six-month paper, it leapt to 3.237 percent from 1.737 percent in May.

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