Spanish Treasury

Spanish Treasury

The majority of European countries began the day with their rising risk premia. Markets are awaiting the Spanish Treasury debt auction. Moody s downgrades Greek debt note and left it on the brink of default. The risk premium on Spanish, determined by the extra profitability required to pay Spain who invest in their bonus ten years compared with that offered by Germany, fell Tuesday to 322 basis points after finishing the day on Monday at 326. Spain is distanciaba, thus, first thing in the rest of countries called the eurozone peripherals, since they all started the day with their rising risk premiums, still strained by mistrust of the rating, among other problems. If Friday was Fitch which qualified as restricted unpaid second Greece aid plan, Monday was Moody s that threw more fuel to the fire to downgrade the note of Greek debt to leave it on the brink of default. Thus, the performance that has to offer the Spanish bond to ten years to make investors buy it instead of the German fell to 6,019%, compared to 6,028% Monday, according to data from the secondary market, while Germany saw raise the profitability of their own to 2,796% compared with 2,763%. Slopes of the Spanish Treasury markets are pending, among other matters, the auction of debt in which the Spanish Treasury aims to place letters at 3 and 6 months by 3.0 billion euros, as well as the situation in the United States, where President Obama tries to reach an agreement between Democrats and Republicans to raise the ceiling of expenditure and not declare bankrupt the country’s economy. In the rest of the countries of the euro zone, Greece saw raise their risk premium to 1,216 basis points, 57 more than on Monday, while Portugal scoring other 35 basis points in their particular account and stood his risk country in the 817. Ireland continued the trend of others and bodice their differences with Germany until the 915 basis points, from 894 of the eve, while Italy He chose to follow in the footsteps of Spain and reduced their differences with Germany in a basic point, which opened the session at 287. Source of the news: the Spanish risk premium falls to 322 points in opening

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