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スペインの10年国債の金利は、6'37%に
La prima de riesgo española supera a la irlandesa
El bono a 10 años del Tesoro se intercambia al 6,37% frente al 6,34% del irlandés a 9 años
La prima de riesgo cambia de tendencia y vuelve a empeorar hasta los 480 puntos
La Bolsa se consolida en los números rojos pese a las subidas del resto de Europa
The risk premium exceeds the Irish Spanish
The 10-year Treasury note is exchanged to 6.37% from 6.34% to 9 years Irish
The risk premium changes in trend and gets worse until the 480 points
The stock market consolidated in the red despite the increases in the rest of Europe
See the evolution of the main markets
The Country Madrid 2 JUL 2012 - 18:02 CET
The 10-year Treasury note is exchanged to 6.37% from 6.34% to 9 years Irish
The risk premium changes in trend and gets worse until the 480 points
The stock market consolidated in the red despite the increases in the rest of Europe
See the evolution of the main markets
The Country Madrid 2 JUL 2012 - 18:02 CET
The Finnish Government's announcement that attempt to block one of the key points of agreement between the countries of the euro against the crisis has been a cold shower for the debt of Spain, which has moderated in a visible improvement after the news. Furthermore, when it seemed that despite all going to make it close the day in green, poor data on the U.S. economy has returned to investors to the reality of an international economy on the brink of recession scenario in which Spain, under the foci following its decision to order the rescue of their banks and waiting to close the loan terms, does not go that well. The translation of this cluster of points of friction has been that the risk premium, considered the best barometer of confidence in the finances of a country, Spain has again overcome, just as it did on Friday in a timely manner, the Irish, something that until these last days has not happened since the crisis erupted. However, the comparison shows a significant hue.
Ireland, which has closed its market access since the ransom requested for the entire state last November, does not currently have any title to 10 years trading in the secondary market, where securities are exchanged once issued and which sets the risk premium. Therefore, the comparison between the two countries is carried out between the unorthodox Spanish Treasury bond maturing in 2022 and an Irishman whose residual life is one year less, favoring the latter as shorter-term, lower yielding .
And now the numbers. The bond's interest to 10 years Spain has gone up again on Monday to stand at 6.375%, while that of Ireland which expires in 2021 has dropped for the second straight day and was placed in 6.344%. Thus, the risk premium of Spain, which is the required premium to 10-year Spanish bonds against the Germans, which serve as reference for its stability, the evening moved on the 485 basis points (the equivalent of 4 , 85 percentage points), representing an increase of 11 points over Friday's close. And this despite the fact that the first hour has come down in 20 when the yield on Treasury securities has dropped to 6.17%, which is its highest since June 11. The spread of the bond of Ireland nine years against the German bund, which was bought at a rate of 1.517% was 480 basis points.
With the rise of today, the risk premium Spanish has improved end Friday, when it recorded its most positive day for Spanish interests so far in 2012. The differential of Italy, which also concerned but to a lesser extent Spain, it has managed to keep improving and ended the session at 422 basis points, two fewer than on Friday.
In favor of Italy and Spain for a few hours, has continued to push the agreement reached on Friday morning by members of the single currency in a tense meeting. From it came an unexpected decision: Germany finally gave in to pressure from the Italian prime minister, Mario Monti, whose slipstream stood the head of the Spanish, Mariano Rajoy, and took a major step forward to help countries under pressure to finance in the markets as he claimed the southern neighbors. Among the highlights of the agreement, the Seventeen agreed to relax the conditions for the bailout funds to buy debt of the States, despite having complied with the recipes in Brussels on reforms and fiscal consolidation, further problems.
The States of the Eurozone also opened the way for direct recapitalization of banks in return for accelerating banking union. In any case, experts advise caution. Their fear is that history will repeat again and again the maxim that met European leaders supplied medicines that reduce fever for a few days, but this again with renewed vigor shortly.
In the stock, meanwhile, the Dow 35 has been added to the rises in other places European reference after transit between losses and gains throughout the day. In fact, the index has closed with a slight rise of 0.31% and will open tomorrow on the 7,100 points.
The index has lagged behind Madrid, near Milan (+0.2%), the other main squares of the Old Continent, where optimism has spread and has harvested over 1% gains in both Frankfurt and Paris and London. At the close in Europe, Wall Street was left 0.46% after the publication of an index of the manufacturing sector worse than expected. In fact, it has gone back below the 50 points that make the difference between expansion or contraction.
Next to the European agreement, investors are also betting with a focus on the ECB meeting on Thursday. In it, the Central Bank of the euro could decide, among other things, place the reference interest rate in the eurozone to below 1%, unknown to date. To lower the rental price of money, chaired by Mario Draghi organization aims to promote economic recovery and deal with a recession in some countries such as Spain and as acknowledged yesterday the minister of Economy, Luis de Guindos, is being worse than expected.
In the currency market, the euro has traded down and changed to 1.2598 units of the dollar against 1.2685 the last day. A barrel of Brent crude for August delivery was also cheaper in the early stages of the day and traded at $ 96.38 on the Intercontinental Exchange Futures in London, less than $ 1.42 on Friday.
Ireland, which has closed its market access since the ransom requested for the entire state last November, does not currently have any title to 10 years trading in the secondary market, where securities are exchanged once issued and which sets the risk premium. Therefore, the comparison between the two countries is carried out between the unorthodox Spanish Treasury bond maturing in 2022 and an Irishman whose residual life is one year less, favoring the latter as shorter-term, lower yielding .
And now the numbers. The bond's interest to 10 years Spain has gone up again on Monday to stand at 6.375%, while that of Ireland which expires in 2021 has dropped for the second straight day and was placed in 6.344%. Thus, the risk premium of Spain, which is the required premium to 10-year Spanish bonds against the Germans, which serve as reference for its stability, the evening moved on the 485 basis points (the equivalent of 4 , 85 percentage points), representing an increase of 11 points over Friday's close. And this despite the fact that the first hour has come down in 20 when the yield on Treasury securities has dropped to 6.17%, which is its highest since June 11. The spread of the bond of Ireland nine years against the German bund, which was bought at a rate of 1.517% was 480 basis points.
With the rise of today, the risk premium Spanish has improved end Friday, when it recorded its most positive day for Spanish interests so far in 2012. The differential of Italy, which also concerned but to a lesser extent Spain, it has managed to keep improving and ended the session at 422 basis points, two fewer than on Friday.
In favor of Italy and Spain for a few hours, has continued to push the agreement reached on Friday morning by members of the single currency in a tense meeting. From it came an unexpected decision: Germany finally gave in to pressure from the Italian prime minister, Mario Monti, whose slipstream stood the head of the Spanish, Mariano Rajoy, and took a major step forward to help countries under pressure to finance in the markets as he claimed the southern neighbors. Among the highlights of the agreement, the Seventeen agreed to relax the conditions for the bailout funds to buy debt of the States, despite having complied with the recipes in Brussels on reforms and fiscal consolidation, further problems.
The States of the Eurozone also opened the way for direct recapitalization of banks in return for accelerating banking union. In any case, experts advise caution. Their fear is that history will repeat again and again the maxim that met European leaders supplied medicines that reduce fever for a few days, but this again with renewed vigor shortly.
In the stock, meanwhile, the Dow 35 has been added to the rises in other places European reference after transit between losses and gains throughout the day. In fact, the index has closed with a slight rise of 0.31% and will open tomorrow on the 7,100 points.
The index has lagged behind Madrid, near Milan (+0.2%), the other main squares of the Old Continent, where optimism has spread and has harvested over 1% gains in both Frankfurt and Paris and London. At the close in Europe, Wall Street was left 0.46% after the publication of an index of the manufacturing sector worse than expected. In fact, it has gone back below the 50 points that make the difference between expansion or contraction.
Next to the European agreement, investors are also betting with a focus on the ECB meeting on Thursday. In it, the Central Bank of the euro could decide, among other things, place the reference interest rate in the eurozone to below 1%, unknown to date. To lower the rental price of money, chaired by Mario Draghi organization aims to promote economic recovery and deal with a recession in some countries such as Spain and as acknowledged yesterday the minister of Economy, Luis de Guindos, is being worse than expected.
In the currency market, the euro has traded down and changed to 1.2598 units of the dollar against 1.2685 the last day. A barrel of Brent crude for August delivery was also cheaper in the early stages of the day and traded at $ 96.38 on the Intercontinental Exchange Futures in London, less than $ 1.42 on Friday.
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