Periphery suffers as Russian tensions grow but issuers comfortable
The eurozone periphery suffered one of its poorest weeks of the year, as a sanctions battle between Russia and the west pushed investor cash into core European debt. But with Spain driving down its funding costs at auction and periphery sovereigns well-funded — plus record low Bund yields leaving investors seeking yield with few options but to return to the periphery in the future — there were few concerns that the issuers will struggle to meet their funding targets this year.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: