Spain is socked on Bond markets!

Spain paid an average yield of 5.110% on the three-month T-bills, up from 2.292% at the previous auction for similar maturities Oct. 25. It paid an average yield of 5.227% for the new six-month Spanish T-bills, up from 3.302% and now higher than what Belgium currently pays on its 30-year government bonds. Both yields represent euro-era highs for Spain.

More from the WSJ, linked here.