Spain takes €5bn but book drops at final spread

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Spain takes €5bn but book drops at final spread

Spain flag 2 PA 230 x150
SPAIN, Barcelona: Protesters hold a giant Spanish flag during a demonstration called by Societat Civil Catalana (Catalan Civil Society) to support the unity of Spain on October 8, 2017 in Barcelona. Ten of thousands of flag-waving demonstrators packed central Barcelona to rally against plans by separatist leaders to declare Catalonia independent following a banned secession referendum. Catalans calling themselves a silent majority opposed to leaving Spain broke their silence after a week of mounting anxiety over the country's worst political crisis in a generation.NEWZULU/Ramon Costa lopez | NEWZULU/Ramon Costa lopez/PA Images

Spain was able to raise €5bn of 30 year paper on Tuesday, braving difficult market conditions to close the deal. While the trade was a success, the sharp fall in the order book at the final spread indicated some investors are beginning to push back on price.

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