La Spain he placed this morning 12- and 18-month bonds for a total amount of 3,040 billion euroon the maximum amounts foreseen. Demand has proved to be very solid, but interest rates have skyrocketed: yields on one-year bonds jumped to 5,074%, from 2,985% recorded in the similar auction of 14 May, while yields on 18-month bonds rose to 5,107%, from the previous 3,302%.
The tension on yields eases slightly XNUMX-year bonos already in circulation, which yesterday had reached a new all-time high, nearly 7,30%. Mid morning rates stand at 7,08%, carrying it spread at 562 points based.
The Ibex 35 index of the Madrid Stock Exchange marks a +0,41% after the heavy drop suffered yesterday, almost -3% at the end.
Meanwhile it was the second, more in-depth analysis on the need for recapitalization of Spanish banks has been postponed to September, which should have been completed at the end of July. This was reported by financial sources cited by France Presse, according to which it was decided to carry out a more in-depth and complete examination of the picture in this second evaluation.
However, the preliminary estimate, which was entrusted to two external consultancy firms: the German Roland Berger and the American Oliver Wyman, is expected in the next few days.
