It may be impossible to get a mortgage here in Spain but it isn’t all bad news on the financial front.
In the summer of 2012, Spanish bond yields were at a high of 7.621% and the risk premium was 650 base points. At the beginning of this year the bond yield was 3.97% and the risk premium was 222. By the end of the year the risk premium had dropped to 113.The current yield is 1.517% and the risk premium 97.3.
The result is a saving of 5,000 million euros to the Treasury and that could well improve further over the next few months when experts say the risk premium could drop to 70 base points.
In the summer of 2012, Spanish bond yields were at a high of 7.621% and the risk premium was 650 base points. At the beginning of this year the bond yield was 3.97% and the risk premium was 222. By the end of the year the risk premium had dropped to 113.The current yield is 1.517% and the risk premium 97.3.
The result is a saving of 5,000 million euros to the Treasury and that could well improve further over the next few months when experts say the risk premium could drop to 70 base points.
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