Sunday, July 13, 2014

Spain gets more respite in bond markets

February 16. 2013 10:35PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) Spain saw its cost of borrowing fall further, a day after the European Central Bank unveiled a new bond-buying program that is largely designed to keep a lid on the country's borrowing rates.

Investors think Spain will make a formal request to tap the new program within weeks, which could ease the pressures in the eurozone's fourth largest economy.

Spanish officials have given no guidance on when they could make a formal request for the ECB to buy the nation's bonds. However, expectations it will have had a marked impact on its borrowing rates over the past few weeks.

The yield on Spain's ten-year bond fell another 0.21 percentage point Friday to 5.80 percent, the first time it's gone below 6 percent since May. A rate above 7 percent is widely-considered unsustainable in the long-run.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds