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

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Posted By: The Corner 10th June 2014

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.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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