Spain Wednesday (20th) will subject sales of up to € 3.5 billion bond sale results should reveal some clues, see whether the country can be spared Greece, and Ireland, and Portugal and other effects of State aid.
while officials deny that Greece might have to restructure debt rumours of a pitch that the weak financial health of Member States of the eurozone bonds suffer from combat in the past few days, and pushed Portugal bond yields blow to the euro since the beginning of the road, while Spain bond yields are close to record highs.
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due to market concerns European debt problems spread, Spain sold Treasury bills yields jumped on Monday. Traders said the firm foundation for the sale of government bonds on Wednesday set the tone.
but the bond market, analysts said market Spain after bond prices declined, debt demand may be true. Bond market strategist at BNP Paribas Bank Ioannis Sokos pointed out: "Spain are on the right, in Portugal before seeking assistance, Spain spread of bonds on issue showed toughness. This may be a new market (buy) a good time, so demand may be true. "
Spain 10-year government bond yield 5.5% on Tuesday, compared with the euro since the beginning of the road only the low yields high 20 basis points. Spain sold 10 years coupon yield is higher than the March level of debt, when yields a value of 5.162%.
2024 coupon 4.8% expires Spain yields hovering near 5.7% in the secondary market. Spain last due 2024-sale bonds in April 2009.
Spain economic Minister Salgado (Elena Salgado) on Tuesday played down the bond cost problems, saying it is not obvious, and for trading before the Easter light amplification market fluctuations.
Portugal will be available at the total 7.5-1 billion euros in the three-month and six-month Treasury bills. Yields on three-month Treasury bills rose to 4%, by comparison, in January sold the three-month Treasury Bill rate is 3.686%; and six-month Treasury Bill yields may be pushed to 6% above, above Portugal announced before seeking assistance, on April 6 when the sale of 5.117%.
, analysts said Portugal sales of treasuries is mainly and Greece, to remain in the bond market, and as long as possible, try to ensure that financing until the country received assistance funding.
