Spain debt sale meets strong demand

Article reports that Spain successfully borrowed €3.97bn from the markets on the 16 September 2010, amid growing signs that the country has broken free from the so-called peripheral group of poorly performing eurozone economies.

This has led many investors to bracket Portugal, Ireland and Greece together as the weak group of peripheral economies, with Spanish bonds now trading in a similar way to those issued by Italy, which for a long time has been seen as a stronger economy.

ESO: Background information: Banks turn to Madrid bonds for collateral http://www.europeansources.info/record/banks-turn-to-madrid-bonds-for-collateral/

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