Yield on Spain bond yield hits highest-ever 7%! MADRID (MarketWatch) -- The yield on Spain's 10-year government bond reached an all-time high of 7% on Thursday, with Tradeweb reflecting the yield /quotes/zigman/4869131/delayed ES:10YR_ESP +3.17% at 7.01%, versus a close of 6.772% the prior day. The move came in the wake of a three-notch Moody's Investors Service downgrade for Spain, which put its debt rating one notch above junk status. Italy's yield /quotes/zigman/4869096/delayed IT:10YR_ITA +1.26% was at 6.34% as the country prepared to auction medium- and long-term debt. [link to www.marketwatch.com]