Spanish Prime Minister Jose Luis Rodriguez Zapatero was forced to postpone their holiday as investors continue to flee their country's debt.
Zapatero had to leave Spain to the southwest.
But on Tuesday, bond yields rose to 4.04 percentage points more than Spanish German debt - the highest since the euro in 1999.
Called the premium to keep the debt of Italy has also a record.
"The prime minister has postponed the start of their holidays," the spokesman said Zapatero. "It 'worth keeping an eye on the international economic situation".
The recent increase in interest rates comes at a bad time for the Spanish government, which plans to increase to 3.5 billion euros (5 billion, £ 3.1 billion) in a sale bond auction on Thursday.
Tuesday, the euro reached a record high against the Swiss franc. The currency is generally regarded as a so-called safe haven in turbulent times.
Higher costs
Despite another bailout for Greece last month, the euro area is struggling to contain the fear that more countries will not be able to repay their huge debts.
The Republic of Ireland and Portugal were both saved, and Greece was saved twice.
And, with rising bond yields, Italy and Spain have seen their debt costs will increase significantly in recent weeks.
Italy 10-year bond rose more than 6% Tuesday - a level considered unsustainable.
Premium over equivalent German debt has also reached a record 3.74 percentage points spread.
Italy has the largest sovereign debt of all European countries.
As a percentage of production, the debt of Italy is second to Greece in the euro area - including the huge debts have led to two rescues.
Representatives of the Italian central bank and regulator Consob's actions were set for talks on "the situation of the sovereign debt market and the implications for banks and the economy."
As bond yields in the country increases, it becomes more costly for governments to sell more debt, leading to a vicious circle as the debt maturity.
On Tuesday, Germany - Europe's largest economy - has seen its bond yield falls below the rate of inflation for the first time since reunification.
This suggests that investors are now so afraid that they are willing to sacrifice a return on their investment to keep the risky bonds at least in Europe.
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