MADRID - Span's borrowing costs broke through the level where its debt is seen by many market watchers as unsustainable Monday, despite the victory by pro-bailout parties in the Greek elections.

Financial data provider FactSet said that shortly after 0900 GMT the interest rate on Spain's 10-year bonds — an indicator of market confidence in how well a country can pay down its debt — stood at 7.02 per cent. That marked a rise of nearly 15 basis points for the day, in which the yield had initially fallen. Stocks were down 1.5 points.