Spain's debt sale will test strengthened eurozone rescue fund

03/16/2011 | Bloomberg

Spain's $6.3 billion bond sale should indicate whether investors have new confidence in the eurozone's expanded bailout fund for countries under stress from high government debt. The sale of 30-year debt and 10-year securities will be Spain's first time back in the sovereign-debt market since the EU decided to increase the lending power of its stability fund. Spain's existing 10-year debt rallied on global markets after the announcement.

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