Spain Crisis Worsens As Bond Yields Rise

4:30 AM ET Tue, 24 July 2012

Spanish economy minister, Luis de Guindos said yesterday that Spain would absolutely not need a full bailout but bond yields continue to edge higher. Sara Perez-Frutos, partner & director at Dracon Partners, told CNBC, "At the beginning of the session the market was supporting Mr de Guindos but now we are again in red numbers."