Spreadex Market Update
Downward trend broken
Spanish 10 Year debt fell below the crucial 6% mark yesterday.
Yields of over 6% are deemed unsustainable and so a drop below this figure is very significant, both practically and for investor confidence.
However the 5.9% current yield is still far too close for comfort and yields need to drop a fair bit more before Spain can no longer be viewed as a concern.
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