“It was a fleeing day for investors due to uncontrollable events,” Bankinter experts point out. “Predictable factors continued going well.”
Although US new home sales were not good, at 9-month minimum, both the weekly unemployment report and the Philadelphia Fed surprised positively.
Spanish bonds (3, 8, and 18 years) were wonderfully placed (demand €8.750bn for a €2-3bn target), which allowed the B10Y to reduce its TIR from approx. 2.70% up to 2.65%.