Busy day for the pockets of Spain. The Treasury of Madrid placed this morning 3,75 billion in 3, 4 and 5 year government bonds. Demand was excellent, exceeding 10,2 billion euros: the maximum issue was reached in the auction, which fluctuated between 2,75 and 3,75 billion euros.
The Bonos a 3 years have recorded a return of Present in several = 5,203%, the highest interest rate ever recorded since euro entry. The obligations a 4 years have reached the Present in several = 5,28% and those a 5 years i grew up at Present in several = 5,56%, the highest marginal value since 1997.
Il differential between the Spanish Bonos at 10 years and the fees German Bunds, after having dropped by almost 20 points since yesterday's close, has started to rise again and stands at 377 basis points.
Madrid's Ibex loses 0,10%, in line with the other European markets.
