Bankers await EFSF mandate after Spanish bail-out bounce fizzles

With Spanish bond yields rocketing after a short-lived rally this morning, SSA bankers still keenly await this week’s hot ticket, a suspected 10 year EFSF mandate — but a bond, if it comes, may not be a slam dunk affair. One banker likely to be away from the eventual mandate thought that the Spanish volatility could cause the bail-out vehicle difficulty when it comes to the market.