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Spain’s cost of funding dropping despite wider spreads

By   || February 8, 2010 at 16:24 GMT
|| 1 comment || Add comment

Spanish deputy econmin Camapa says Spains funding costs are falling despite widening yield spreads because interest rates have fallen so far. He’s got a point. 2-year German notes are at the same yield as overnight depos, 1%. He says he believes that S&P will view Spain’s fiscal austerity plan positively.

eur 2 year

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One Response to “Spain’s cost of funding dropping despite wider spreads”

  1. Trading Nymph on February 8th, 2010 16:40 GMT

    Jamie..Did you notice that both CAC, and DAX are near their 200MA’s on their Daily Charts, ..it appears that were both just holding support today.

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