Spanish bond yields remain low

Ten- year Spanish Treasury bonds dropped slightly in Thursday’s auction, offering a yield of 1.616%, down from last week´s figure of 1.1840%. The figures reflect the sense that markets are unconcerned about the possible spillover that events in Greece may have in other peripheral countries such as Spain.

Spanish ten-year bonds traded at an all time low in January, boosting the perception that Spanish Treasury bills now represent a safe long-term investment.

On the big picture, figures published yesterday showed Spanish exports expanded by 2.5%, albeit with the country´s trade deficit posting a simultaneous rise of 53%. That was down to a 5.7% rise in imports, a figure the Government was keen to stress was a sign of recovery in consumer spending power and confidence.


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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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