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

spains economy

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 expected by the market and confirming the upturn in prices for the second consecutive month. Now, the forecasts of the market consensus, gathered by Bloomberg, predict inflation at 3.6% year-on-year at the end of October, while the Bank of Spain has already predicted that prices could also rise in the coming year.

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.