FADE prints tight amid Spanish comeback
Spain’s Electricity Deficit Amortisation Fund priced a five year benchmark this week, setting a record spread to Bonos. The tight pricing shows just how much Spanish credits have recovered since inconclusive Italian elections caused a spike in Spanish yields at the end of February.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
