Spanish and Italian bond yields rose on Monday and financial market investors saw little chance of respite in the euro zone's debt crisis from a meeting of finance ministers later in the day.
Spanish ten-year yields rose another 10 basis points to sit above the critical seven percent level seen as unsustainable in the longer-term. The euro fell to a two-year low against the dollar, reflecting doubts over how measures agreed last month to stem the crisis will be implemented.
Finance ministers - who only start meeting as European markets are closing - face a raft of questions over how they will aid indebted states and banks and construct a new banking oversight regime, but the latest talks may only highlight the initial deal's limitations.
Read more: EURO GOVT-Spanish yields rise ahead of finmins meeting | Reuters
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