Many economists believe that a nation which has to pay 7% to raise money for any extended period cannot viably cut its deficit or national debt. There are many reasons for the capital markets to be skeptical about Spain. Among those reasons are its 25% unemployment, a new recession, and a compromised bank system.
According to MarketWatch:
Yield on Spain 10yr bond at 6.94%, up 21 bp
The Modern Investment App For a Richer Tomorrow (Sponsored)
Robinhood set out to democratize investing to individuals, and it’s not slowing down. The app makes it possible to buy and sell stocks, mutual funds, trade options, and even cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
With FDIC insurance ,an award winning design, and benefits like IRAs and more, Robinhood could be your path to a richer tomorrow.
Sign up today — click here to start your journey.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.