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Spain €5 Billion 15 Year Notes To Price 85 bps Wide Of Benchmark Swap Rate, 12 bps Premium To Current 15 Year Bonds

Tyler Durden's picture




 

The Spanish 15 year €5 year bonds whose auction all of Europe is watching closely, will price today at a 12 basis point premium to where existing 15 year bonds trade. The book has closed with €12 billion worth of orders. The sale was managed by BBVA, Credit Agricole, HSBC, Banco Santander and Soc Gen. Last week Portugal priced a 10 year issue at 20 bps over existing debt, and 140 bps over midswaps. The issue has since tightened by 17 basis points to 123.

Spain currently has an unemployment rate of nearly 20% and saw its GDP contract 0.1% in Q4, declining 3.1% in 2009.

From Market News and Dow Jones

 

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Wed, 02/17/2010 - 09:39 | 233816 Anonymous
Anonymous's picture

And this is a bad thing?

Wed, 02/17/2010 - 09:41 | 233818 Anonymous
Anonymous's picture

seriously all sounds good again can we party like its 1999 again

Wed, 02/17/2010 - 09:58 | 233831 Bylinka (not verified)
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I wish somebody knew for sure whether the EURO is finally dead or not...:)

Wed, 02/17/2010 - 12:19 | 233909 Trader_Kos
Trader_Kos's picture

Not by a long-shot, Needs to fall to perfect parity

“THE AMERICAN BANK OF MAIN STREET = A FED for MAIN STREET!

STOP THIS ALSO: THE TAX INEQUITY THAT ALLOWS $146 BILLION IN WALL STREET BONUSES!
http://bartspace12.blogspot.com/2010/02/deficits-unpaid-banks-fed-move.html

The Top 5% of Americans make "95%" of the Discretionary Income (Non-Survival Incomes) in America yet pay only 50% of the Taxes!

CORRECT this tax INEQUITY and use up the other 45% of Capacity (95%-50% = 45%)!

In 1981 the Top Tax Rate was 70% on incomes over $212,000 or $550,000 Today!

The Top Income earners pay 17% in Federal Taxes and that is UNFAIR!” For 50 Years before Reagan the Top Tax Rate was 63% to 94%!

Wed, 02/17/2010 - 10:04 | 233836 Bylinka (not verified)
Bylinka's picture

Before 1991 there was a country on the map called Soviet Union (USSR). It was a formation of 15 republics (currently independent states) and there was a single currency - Soviet Ruble, and now where is it...? Just asking

Wed, 02/17/2010 - 10:06 | 233839 deadhead
deadhead's picture

How much did Bernanke order???

Wed, 02/17/2010 - 10:22 | 233853 Anonymous
Anonymous's picture

ok

Wed, 02/17/2010 - 10:44 | 233883 Anonymous
Anonymous's picture

Euruble has a great future.

Wed, 02/17/2010 - 11:33 | 233964 bugs_
bugs_'s picture

Ugh BBVA, I wonder who bought them - *SIGH*

Wed, 02/17/2010 - 12:44 | 234115 Anonymous
Anonymous's picture

If you live in New York your taxes are about 55%including city, state, and federal income tax. The game is over. If they tax at 100% for the next 10 years the debt still isnt paid back.

Mon, 04/19/2010 - 08:45 | 307615 Tom123456
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