Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1398927 Comments:2390
SPANISH GOVERNMENT GENERIC BONDS - 10 YR NOTE Add to Portfolio (No thanks....got enough junk.....;}
GSPG10YR:IND
7.26700 0.25600 3.65%
"Spanish 10-year bond yields soared to 7.22% intraday on worries the country will be forced to seek a full-fledged sovereign bailout owing to its debt burden. The country announced last weekend that it would cut 56.4 billion euros, $69 billion, from its deficit by 2015 by raising taxes and cutting spending, which sparked public protests.
"The market has priced in the possibility of a full sovereign bailout for Spain, especially since gross domestic product growth for 2013 has been revised down to -0.5% from +0.2%," Kathy Lien, a foreign currency analyst, wrote in http://Forexpros.com."
