スペインの株式市場は、昨日の与党の国民党の闇献金·闇給金の醜聞で、3'77%下落した、スペインの10年国債の金利も1'62%+382=5'44%に上昇。
La tensión política en España impulsa la prima de riesgo sobre los 380 puntos
La prima de riesgo supera los 380 puntos básicos y el bono se va sobre el 5,4%
La rentabilidad de los bonos a 10 años del Tesoro toca su nivel más alto desde diciembre
El incremento de la presión en la deuda aumenta las ventas en las Bolsas
El Ibex cae un 3,77% y se convierte en el único índice europeo en pérdidas anuales
Consulta la evolución de los principales mercados
Álvaro Romero Madrid 4 FEB 2013 - 22:39 CET
FUENTE: BLOOMBERG / EL PAÍS
Political tension in Spain drives the risk premium on the 380 points
The risk premium higher than 380 basis points, and the bonus is about 5.4%
Yields on benchmark 10-year Treasury touched its highest level since December
The pressure increase in the debt increases in the stock sales
The Dow is down 3.77% and becomes the only European index in annual losses
See the evolution of the main markets
Alvaro Romero Madrid 4 FEB 2013 - 22:39 CET
The tense calm situation for which financial markets have transited during start of 2013 has been truncated on Monday by political doubts that come from Spain and Italy. Uncertainty about Italian elections and corruption scandal in Spain, where the opposition is demanding the resignation of the president, Mariano Rajoy, following the publication by the country papers Barcenas, have rekindled investor fears that the crisis euro, still latent lived under the apparent improvement in recent months, re-invigorate. Because of this, the Spanish risk premium, which is the required premium to Treasuries against the Germans, has risen to 382 basis points and the stock has suffered a bump of 3.77%. Both the selective market risk premium as lived its worst day since September.
The risk premium still remains far from the height reached in July, when he came to exceed 638 points. However, for months suffered a setback not as sharp in a day: Monday rose 29 points. To find a faster deterioration must go back until 26 September, when Germany, the Netherlands and Finland warned Spain that could not benefit from direct recapitalization of banks with European funds, which, coupled with the instability of the Catalan elections , shot 44 points premium. Spanish companies are worried about the possible consequences of a worsening of the turmoil in the markets, and various business sources said the fear that funding is more complicated because of the political tension associated with corruption.
"The market is a little nervous, the issue of corruption in Spain and Italy is causing certain sales (...) political uncertainty has worsened the risk premium and this translates to equities," he told Reuters Soledad Pellon, strategist at IG Markets.
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Italy also had a day complicated and risk premium rose 20 basis points to 285. At the end of the session the Spanish 10-year bond was exchanged at an interest rate higher than 5.44% in the secondary market, where people buy and sell Treasury bonds once issued. This is the highest yield since 17 December, representing an increase of 0.2 points in one day. Meanwhile, the money sought refuge in the German bond, moving about 1.6%. In the European markets, the Spanish IBEX 35 and FTSE MIB in Milan were, another day, the indexes worst behaved in Europe.
The main index of the Spanish stock market allowed 3.77% and closed for the first time in 2013 so far below the 8,000 points (7919), making it the only major European annual losses.
The issue papers Barcenas is present in the international media, from the Financial Times, which opened Monday afternoon with Rajoy your digital home, even in the economic debates of U.S. channels like CNBC. Given this proliferation of information, investors opted to take a defensive position regarding Spanish debt. The return on sales, which have fed in turn increased pressure on bond, has been facilitated by the fact that the titles coming to accumulate a considerable improvement in recent months.
"The market is realizing that there are many substantial risks out there, especially on the political side," said Michael Lesiter, Commerzbank. He added that he considers essential happens to Spain for their weight throughout the euro and its position as the next next victim of a possible rescue, or you could have "devastating effects" on the rest. Daniel Alvarez, an analyst at XTB broker, added that "the rumors of corruption" have given bassists-investors who bet in favor of a debt-drop "the excuse they needed to position themselves for a correction that the market had been announced in a few days not. "
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