Blame Spain for our low interest rates?

St. Louis bankers have been complaining for years about how low interest rates are reducing their profits and growth. Maybe they should blame Spain. Overseas rates, especially in European countries with struggling economies, are one of the reasons for low interest rates in the U.S., according to Ari Wald, head of technical analysis at Oppenheimer & Co. The benchmark 10-year yield on bonds in Spain, Italy and Portugal are in the 3 percent range. Even Greece’s 6.17 percent is half of what it was… Reported by bizjournals 2 hours ago.