Spanish Bond Yields Climb To Another Record High

The Spanish government's borrowing costs hit a record high Monday -- their third consecutive record high in as many days -- as doubts about the country's fiscal stability mounted among international lenders.

The interest that the debt-choked country has to pay rose to 7.56 percent before settling back 7.49 early Monday, after the El Pais newspaper said six regional governments may ask Madrid for bailouts, Bloomberg News reported.

Spain would need a bailout if yields stay where they are for another couple of months, Georg Grodzki, head of credit research at Legal & General Investment Management Ltd. in London, which manages $596 billion of assets, told Bloomberg Television's On the Move with Francine Lacqua.