Spanish Auction, French Election In Focus

20 Apr 2012

Spain was again the centre of attention this week due to two separate debt auctions. The sovereign’s bond yields surpassed 6% and its credit default swaps widened beyond 500bps--two important psychological levels.

Spain was again the centre of attention this week due to two separate debt auctions. The sovereign’s bond yields surpassed 6% and its credit default swaps widened beyond 500bps--two important psychological levels. On Monday morning the CDS hit a record 520bps ahead of a bill auction the following ...

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