Spanish yields rise
Spanish debt yields jumped and shares in fourth-largest lender Bankia plunged to record lows, highlighting a lack of confidence in government efforts to stabilise the finances of Spain and its ailing banks.
The yield on benchmark 10-year government bonds rose to 6.46 per cent, the highest since November.
Despite a 23.5bn euros rescue, Bankia shares tumbled more than 10 per cent, pressuring some weaker peers as scrutiny rose over how the government plans to finance such rescues, especially if more lenders need help.