Spanish 10-year yields at all-time low
The turnaround in the Spanish bond market in the past 4 years has been remarkable. In 2012, they were paying nearly 8% to borrow of 10 years and now that’s fallen to a record 1.04%.
Spain can borrow for next-to-nothing and austerity is still at the top of the agenda
ByAdam Button
Jul 29, 2016