Spanish 10-year bond yields surged.

Fears of Spanish bailout rise as bond yields top 6%. Spanish 10-year bond yields surged past 6% for the first time since December, and the first time since the ECB's two three-year liquidity operations, raising fears the country might need a bailout. EU officials are due to travel to Washington this week looking for a larger IMF war chest, although while Japan might offer $60B, the U.S. has until now insisted that the EU can use its own resources.