Eurozone crisis live: Spanish bond yields hit new record highs It's early, but there are already worrying signs in the financial markets that the crisis is escalating: Spanish government bonds have fallen to their lowest levels since the euro was created. This pushed the yield (effectively the interest rate) on its 10-year bonds to a new record high of 7.513% - further into the zone where borrowing costs are unsustainable. The selloff was triggered by fears that Spain's autonomous regions are in deep trouble and need financial help, threatening prime minister Mariano Rajoy's efforts to battle the Spanish economic crisis. Meanwhile, over in Greece, the government is still struggling to meet the demands of its international lenders. The Troika return tomorrow, and will want evidence that Athens is meeting its targets. But with the Greek government pleading for more time, the talk this morning is that a Grexit is back on the agenda. As Bloomberg puts it - Greece retakes its position at the heart of the European dent crisis this week as its creditors assess how far off course the country is from bailout targets, raising again the specter of its exit from the euro. City traders are predicting that stock markets will fall this morning, with the FTSE 100 being called down around 50 points. Also coming up this morning: the latest Spanish mortgage data (8am BST), bond auctions from Germany and France (morning), and the eurozone consumer confidence data for June (3pm BST).