Spanish 10-year yield rises 7 bps to 3.5408% after Trump criticizes Spain’s NATO spending
2026-07-08 08:30:27
According to CNBC, President Donald Trump criticized Spain for not contributing enough to NATO while attending the alliance’s summit in Turkey, calling Spain “a terrible partner” at a press conference in Ankara with NATO Secretary General Mark Rutte. Spanish bonds slid further after the comments, with the yield on Spain’s benchmark 10-year bond last seen 7 basis points higher at 3.5408%, while the Spanish IBEX 35 equity index was last seen down more than 1%. CNBC said Spain is the only NATO member that did not commit last year to spending 5% of GDP on defense by 2035.
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