Historical Maximum

Thursday, November 7, 2013

The pressure on Spanish debt begins the week on the upside. Waiting for the meeting of the dome of the European Union, the risk premium on Spanish has skyrocketed and exceeds the 300 basis points for the first time in the euro era. The meeting convened by the President of the Council Council Europe or, Herman van Rompuy, urgently and by surprise yesterday marks the session today in the markets. The EU’s leaders meet to discuss the increased pressure of the markets that has taken Italy as next victim and try to seek solutions to the second rescue of Greece. The profitability of Spanish 10-year bonds are also at the highest levels since the entry of Spain into the euro zone. In December 1999, reference bonds profitability reached 5.85% and today stands at 5.76%. Source of the news:: historical maximum of the risk premium on Spanish before the appointment of the EU