Greek deal fails to alleviate contagion fears
FT Fears of contagion from taking sides and advertise turmoil inwards Greece sent Spanish borrowing expenditure to 11-year highs, inwards unkindness of a deal amid the European Union and the International Monetary subsidize with the intention of concentrated the opportunity of an imminent default inwards Athens.Spanish government glue yields, which move inversely to prices, jumped to highs after everything else seen hip September 2000, while Greek yields surged to fresh euro-era highs on Thursday.Investors twisted into the havens of U.S. and German government bonds with yields on Treasuries and Bonds dropping to seven-month lows.The danger of a Greek default surrounded by weeks receded equally international leaders overcame a hurdle to ensure Athens established bail-out loans to repay maturing debt wearing July.