Spanish Yields Are Tumbling

Spanish borrowing costs continue to fall from a euro-area record high set earlier this week

Yields on the 10-year fell approximately 30 basis points to 6.7430 per cent.

Shorter-term debt has also strengthened, with yields on the two-year falling below five per cent, at 4.9950 per cent, and the five-year more than half a percentage point below highs set this week, at 6.1520 per cent.

Below, today’s two-year movements.

Spanish 2YR

Photo: Bloomberg

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