Spanish Bond Yields
Published / Last Updated on 17/06/2010
by Ashley Clark, Director
The average yield of Spain’s 10 year Government bonds rose to 4.87%, some 2.23% over the equivalent benchmark of German bunds.
Yields have been rising because of concern that the EU, IMF and US Treasury were looking at putting in place a €250bn liquidity plan for Spain.
Whilst the EU and IMF have rubbished the rumours, Spain’s budget deficit is 11% over GDP. The EU allows 3%.
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