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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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Market Response To Schrodinger Spain

Business & Finance : Zero Hedge (3 years ago)

We are saved. No, we are doomed. The reaction to the much-heralded agreement to bailout Spain's banks is not good. Spanish bond yields are at their post-Euro highs at 7.21%, Spanish bond spreads (and 5Y CDS) are trading at 600bps as... Read Post

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

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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