Spanish bond yields drop below U.S. borrowing costs

aleks · Jun 11, 2014

http://www.marketwatch.com/story/spanish-bond-yields-drop-below-us-borrowing-costs-2014-06-09

LONDON (MarketWatch) -- Borrowing costs on 10-year Spanish government bonds ES:ES10YT -0.24% dropped below the yield on 10-year U.S. notes on Monday, as southern European assets continued to benefit from the latest round of European Central Bank measures. The 10-year Spanish yield fell by 4.9 basis points to 2.595%, according to Tradeweb, extending its fall from last week when the ECB introduced an aggressive round of stimulus measures, including negative interest rates and targeted long-term refinancing operations. Monday's level was also a fresh record low for 10-year Spanish borrowing costs. In comparison, the U.S. 10-year yield traded around 2.601%. Other peripheral European countries also saw their borrowing costs nudge lower in the wake of the ECB measures. The yield on 10-year Irish government bonds IE:IE10YT +0.85% fell 3.2 basis points to 2.403%, marking the lowest level on record. 10-year Portuguese yields dropped 7.4 basis points to 3.437%.
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Spanish bond yields drop below U.S. borrowing costs

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Spanish bond yields drop below U.S. borrowing costs

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