SSA secondary pricing update: Spain’s new 10 year stays wide of reoffer

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By Burhan Khadbai
19 Jan 2021

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, January 18. The source for secondary trading levels is ICE Data Services.

Spain’s new €10bn 0.01% January 2031 bond continues to trade wider in the secondary market following an unprecedented drop of over €75bn of orders during book building last Wednesday after the sovereign slashed its spread with no intermediate step to leave little or no new issue ...

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