Yields on 10-year Spanish bonds jumped to nearly 6%.
“Spain is refocusing the market’s attention to some of the stresses going on in Spain and Portugal,” said Matt Freund, senior vice president of portfolio management at USAA Investments, in a Dow Jones Newswires report. “The yields are giving investors a chance to refocus on those issues.”
European ETFs suffered across-the-board losses in Tuesday’s sell-off — iShares MSCI Italy Index Fund (NYSEArca: EWI) led the way lower with a roughly 4% decline.
iShares MSCI Spain Index Fund
