Eurozone Watch: Auction reprieve for Spain

In a difficult week for Spain the latest government bond auction was well covered – but higher yields meant that pressure remained high

In what has been a difficult week for Spain, with its budget minister publicly calling for European support for the country’s banks, today’s bond auction was a rare bit of neutral, if not good, news.

The Tesoro sold €2.07bn across two, four and 10-year bonds, just exceeding the €2bn target, and demand on all three elements was higher than at the last auction.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It