Spain Bond Sale Yields Good Results
Spain’s bond sales today indicated that the S&P downgrade of nine area nations and the European Financial Stability Facility has not roiled the capital markets. Spain got reasonable yields According to Bloomberg The Madrid-based Treasury said it sold 12-month debt…
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Spain’s bond sales today indicated that the S&P downgrade of nine area nations and the European Financial Stability Facility has not roiled the capital markets. Spain got reasonable yields
According to Bloomberg
The Madrid-based Treasury said it sold 12-month debt at an average yield of 2.049 percent, compared with 4.05 percent at an auction on Dec. 13. It sold 18-month paper at 2.399 percent, down from 4.226 percent last month.
Those yield are probably low enough that Spain can viably finance its deficits for the time being
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