This morning, markets are digesting news of a Moody's downgrade on Spanish debt, which has brought the country's rating only one level from junk status. Spanish bond yields have hit record highs today in response, nearing 7% on the 10-year bond. Following the country's new $125 billion aid package, government debt will stand at 90% of GDP, up from 60% in 2010. Concerns are also rising in Italy, where a morning bond auction saw yields on that country's bonds rise as much as 1.4% versus last month. European markets were slightly lower in response, while futures on the Dow Jones Industrial Average
Kroger goes for the jugular
The only notable earnings report this morning is that of grocery retailer Kroger
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