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スペインの不良債権で破綻寸前の銀行の救済で、1000億0000'0000ユーロの融資は国家負債と見なされ、財政赤字の増大に繋がるとの見方から、スペインの10年国債の金利は、過去最高の6'998%に、この高金利が続くとスペインは2週間以内に財政破綻???
Las dudas sobre España impulsan el tipo a 10 años y la prima a máximos históricos
El Gobierno llama a la calma, admite que la situación no es sostenible y lo atribuye a Grecia
El riesgo país sube a 552 puntos y el rendimiento del bono a 10 años roza el 7%
La Bolsa española mantiene una ligera subida inferior al 1%
Madrid14 JUN 2012 - 17:03 CET
http://economia.elpais.com/economia/2012/06/14/actualidad/1339658214_362417.html
Archivado en:
- IBEX 35
- Crisis deuda europea
- Política monetaria única
- Euro
- Grecia
- Indices bursátiles
- UEM
- Zona euro
- Deuda pública
- Crisis financiera
- UE
- Moneda
- Financiación déficit
- Bolsa
- Déficit público
- España
- Mercados financieros
- Organizaciones internacionales
- Economía europea
- Finanzas públicas
- Finanzas
- Relaciones exteriores
- Economía
Fuente: Bloomberg / El País
Doubts about Spain driving the 10-year rate and the premium to record highs
The government called for calm, he admits that the situation is not sustainable and allocated to Greece
The country risk rises to 552 points and the yield on the 10-year 7% slash
The Spanish stock market keeps rising slightly less than 1%
Development of real-time quotes
Uncertainty is like poison to the markets and, since last Saturday it was announced that Spain has asked for help from Europe to clean up its banking sector gangrenous, there are more questions than answers at the negotiating table. After the bizarre management by the Spanish government's negotiations with Europe, are still unknown conditions, deadlines, amounts received by each entity, if the aid is channeled in the form of capital or loans, or what the creditors will have priority for return of their funds.
Even the confusion is avoided when explaining that the aid will worsen the public accounts. Until yesterday, Brussels settled the question-bringing out the Executive Mariano Rajoy, who has been refused, and confirmed that the impact of bank bailout in the deficit is inevitable: interest on the loan will affect that parameter and possibly , so end up doing the injections of funds that banks receive, said Eurostat, the European statistics agency.
If investors already had alibis enough to escape the Spanish sovereign debt, last night, the rating agency Moody's downgraded three notches the rating of sovereign debt of Spain, from A3 (remarkably low) to Baa3 (approved under), and placed on "negative outlook". The reason is argued that the European-rescue up to 100,000 million euros, that Spain will push banks to clean up the debt to 90% of GDP and therefore the reaction in the secondary market for bonds issued by the State has not impressive: the risk premium has risen to 552 basis points and the type of benchmark 10-year benchmark (5.85% coupon issue due in 2022) has touched 6.998%, the highest since it came into force single currency in 1999.
In the government, the economy minister, Luis de Guindos, has called for calm in front of the rise in tension in the markets that has led the drive against Spain's debt to a level that is not "sustainable." "The government wants to convey a message of calm. We have the support of our European partners", stated after meeting with the president, Mariano Rajoy, the vice president, Soraya Saenz de Santamaria, and his colleague in charge of Finance, Cristobal Montoro, in delegated the economic affairs committee of Congress, which has lasted longer than expected. "The government is above issues is beyond the issues, is taking action and will continue to take action," added Guindos.
On Tuesday, the 10-year bond and broke a previous record and reached 6.8% yield around 7%, a level of extreme risk that much more expensive the cost of Spanish debt, in practice, expel the market. Greece asked for his first save (May 2010) when he came to 8.5%, the same level as Portugal in April 2011. However, Ireland was enough to touch 8.1% (November 2010) to seek international assistance.
Spanish debt already stands on the verge of what Moody's considers speculative assets, ie those that pose a risk so high that they should only be considered by investors willing to bear, and therefore required more profitable, as a rule Basic market (more risk returns, and vice versa).
The debt market has also accused the nervousness before the Italian Treasury auction today placed 4,500 million euros in bonds to three years, seven and eight, the maximum, although it has had to pay a higher interest. Of the 3,000 million in bonds to three years, 5.3% (3.91% at auction last May), for the 627 million maturing in 2019 by 6.1% and 6.13% I will cost the 873 million that expire in 2020.
In the secondary market, the 10-year Italian bond touched 6.34%, its highest since January, and then yield to 6.25%. Yesterday, the Italian Treasury put lyrics to a year to 3.972%, 1.63 percentage points more than in the previous issue, in May.
The Exchange has also reacted to the degradation of the Spanish debt with a lower open 0.5%, but for much of the morning was minimal oscillation about its closure yesterday, from a low of 6558.6 and a maximum of 6664.2 points. Shortly before 15.00 stood at 6,655.6 points, with an increase of 0.61%.
All European stock accuse the tension in the debt market with moderate losses. London yields 0.81%, 0.62% Paris, Frankfurt and Milan 0.89% 0.33%.
And all this ahead of a crucial event for the future of the euro: the elections to be held next Sunday in Greece, turned into a referendum on the country's standing in the eurozone.
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