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Getting Into Bed With One Spanish Bank Now A Risk-Free Proposition

Spain, as you may have heard, does not have a lot going for it at the moment. Its bond yields have crossed 7 percent, unemployment is at something like 70 percent, and on Monday, it announced a rather poorly received bailout of the country’s banks. Investors don’t want to touch their financial institutions with a 100 foot pole. One bank that knew this rejection all too well? Banco Santander, probably on account of the open sores.
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CHART: Eurozone Bailouts Are Horrible At Lowering Local Government Bond Yields

Business & Finance : Business Insider: Money Game (3 years ago)

Anyone who thought the Spanish bank bailout announcement would be followed by a rally in risk asset prices and a collapse in local government borrowing rates may have been a little too optimisitic. Indeed, borrowing costs in Spain s... Read Post

6 Reasons Why Spain's Bank Bailout Plan Is Awesome

Business & Finance : Business Insider: Money Game (3 years ago)

We've been noting a shift in opinion about the Spanish bank bailout today, as the Spanish IBEX 35 rallies and the meteoric rise in Spanish bond yields appears to be subsiding. So we reached out to Peter Tchir, manager of hedge fund ... Read Post

Spain's benchmark yield hits record

Business & Finance : Business Report (3 years ago)

Spanish bond yields hit euro-era highs as rising scepticism over a 100 billion euro bailout for the country's banks drove investors away from Spanish debt. ||| Spanish bond yields hit euro-era highs on Tuesday as rising scepticism o... Read Post


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