Spain bond yields jump above 6%, raising bailout fears

The implied cost of borrowing for Spain has jumped above 6%, raising again the prospect of a bailout.

The yield on Spain's 10-year bonds reached 6.1%, ahead of auctions of debt on Tuesday and Thursday that could be increasingly expensive for Spain.

The nation's cost of borrowing has been rising steadily over the past four months.

Investors have been worried by data showing Spain's banks are entirely dependent on emergency ECB loans.

The yield suggests that if Spain wanted to borrow for 10 years today, it would pay more than 6%. Read More