All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

Feelgood factor returns but market frets over ESM Bills

A rare breeze of positive sentiment blew through the eurozone this week as Moody’s affirmed Spain’s ratings and its bond yields tumbled. Coupled with a return to form for the European Financial Stability Facility (EFSF) on Tuesday, an encouraging Spanish auction and a blow-out covered bond for Bankinter, the backdrop to a European Council summit that began on Thursday was as warm as it has been for months.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree