"IMF calls for 'decisive action' as Spanish bond yields near danger level. ECB must cut interest rates, start large-scale QE and wade into bond markets to drive down borrowing costs, says critical report."
The trend is not Spain's friend. Take a look at the 6-month chart. Spain's 10-year note yield hit 7.01% a moment ago, but just pulled back to 6.988%. Follow the links to watch the yield in real-time.
Intraday Spanish 10-year Note Yield (source: Bloomberg.com)
6-Month Spanish 10-year Note Yield (source: Bloomberg.com)