DAX rocketing, Spanish risk premium at 120bp (and financing costs match US)

European and U.S. stock markets kept the good tone of the last days on Monday, in a session that served so many titles to consolidate recent gains.

Thus, the major indexes were able to end the day marking new highs – both the S&P 500 and Dow Jones Industrial American made it one more day, while the German Dax closed for the first time above 10,000 points – or multi-year, with indexes of markets of the periphery of the eurozone, such as the Spanish Ibex-35 or the Italian FTSE Mib, improving, one day, the behavior of the rest, taking advantage the new drop of its sovereign debt yields and, therefore, risk premiums.

Spanish T-bill hit an all-time low of 2.58%, beating the US 10 bond’s profitability, while the risk premium closed the day at 120 basis points.

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