Spain to lead euro issuers through vol

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By Lewis McLellan
24 Feb 2020

Spain has announced another trip to the ultra-long end, electing to come to market in spite of volatility sparked by increased fears around the spread of coronavirus.

The Covid-19 outbreak in Italy marks the beginning of “a European chapter”, according to an SSA DCM head. Accordingly, 10 year Bund yields were down 4.5bp on Monday, while 10 year OAT yields were down 3.5bp.

But euro issuers appear to be undeterred. In addition to Spain’s 30 ...

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