Spain shrugs off contagion fears as S&P cuts Italy

Ralph Sinclair

July 10, 2013 10:30 am

Spain appeared to draw a line under any fears the market may still have had about contagion from last week's political turmoil in Portugal by selling a well received €3.5bn 15 year bond on Tuesday. It just beat to the tapes Standard & Poor's downgrade of Italy.

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