Following the negative trend, borrowing costs in Italy and Spain rose. The yield spread between Italian 10-year bonds and their German benchmark equivalent, a key indicator of the country's ability to weather the economic crisis, settled at 500 points on Friday after climbing as high as 504. The spread between Spanish bonds and the German bund closed at 610 points, a record high. The yield on 10-year Italian bonds rose to 6.15%, while that on the Spanish equivalent exceeded the critical level of 7% to reach 7.269%. Stock markets were down across the continent. The Paris bourse lost 2.14% to close at 3,193 points, London's FTSE 100 slid 1.09% to close at 5,651 points and Frankfurt's DAX index lost 1.9% and closed at 6,630 points.