Ahorro
Spain at Record Wides This Morning; What Else Can We Cut?
Submitted by Matthew Boesler on Wed, 11/16/2011 - 08:16Spanish 10yr spread to bund this morning:
Spain had a bit of a rough go of it at the latest auction yesterday. Reuters:
Solid demand allowed Spain to sell 3.2 billion euros of 12- and 18-month T-bills, but both yields -- at 5.022 percent and 5.159 percent, respectively -- hit their highest at a primary auction since 1997.