In Spain

spains economy

Spanish 10-year bond yields above 4% for first time in nine years

The Spanish bond maturing in ten years exceeds 4% for the first time since January 2014 and pushes the entire Spanish debt curve in the longer maturities. In fact, all sovereign debt over ten years is already above 4%. The new high seen in Spanish debt coincides with the publication of new inflation data in Spain. The consumer price index (CPI) jumped to 3.5% in September, two tenths more than…

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poor

Severe material deprivation in Spain doubles in 15 years to record high of 8% of population

One in every 12 people in Spain (8.1%) suffered severe material deprivation in 2022, more than double the figure before the financial crisis (2007: 3.5%) and even one point above the figure for 2014 (7.1%), the highest figure recorded until that time since the National Statistics Institute (INE) began conducting the Living Conditions Survey in 2004. Therefore, according to INE data analysed in Focus on Spanish Society, a publication edited…