Today's Coming Crisis Movie

Wednesday, April 4, 2012

Eyes on Spain as debt fears resurface

NEW YORK (CNNMoney) -- The debt crisis in Europe may be making a comeback, with a renewed focus on Spain following lukewarm debt auctions.

The Spanish government sold €2.6 billion worth of bonds Wednesday, which came in at the lower end of the estimated range of €2.5 billion and €3.5 billion, analysts said.

Following the auction, the yield on 10-year Spanish bonds jumped to 5.6%, the highest level in nearly three months.

Spain's borrowing costs have risen recently despite a €27.3 billion austerity package announced by the government late last month. Read More