Spain sells EUR 5.778bln vs exp. EUR 5-6bln 2.35% 2029, 2.60% 2031 and 3.30% 2036 Bono & EUR 0.676bln vs exp. EUR 0.25-0.75bln 1.15% 2036 I/L Bono
Spain's bond auction, raising EUR 5.778 billion, exceeded expectations, reflecting continued investor confidence despite slightly higher yields compared to previous issuances.
TEPCO has attracted interest from Blackstone (BX), Apollo (APO) and SoftBank (9984 JT/SFTBY) for a planned capital tie-up, Nikkei reports; investment could exceed USD 6.3bln
An Iran embassy official in Islamabad said the earlier post was removed “because of some issues,” and declines to say whether the delegation was still expected tonight, Al Arabiya reports citing AFP
Spain sells EUR 5.778bln vs exp. EUR 5-6bln 2.35% 2029, 2.60% 2031 and 3.30% 2036 Bono & EUR 0.676bln vs exp. EUR 0.25-0.75bln 1.15% 2036 I/L Bono
[MARKET ANALYSIS] European bourses pull back as ceasefire begins to crack, Citi reinforces its OW stance on Banks; US equity futures soft
Iran's Atomic Energy Organisation says the enemy will not be able to limit the nuclear programme
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- 2.35% 2029: b/c 2.03x (prev. 2.24x) & average yield 2.734% (prev. 2.398%)
- 2.60% 2031: b/c 1.81x (prev. 1.79x) & average yield 2.915% (prev. 2.934%)
- 3.30% 2036: b/c 2.04x (prev. 2.26x) & average yield 3.435% (prev. 3.476%)
- 1.15% 2036 I/L: b/c 1.87x (prev. 2.09x) & yield 1.32% (prev. 1.29%)
The strong bid-to-cover ratios indicate solid demand, but the uptick in average yields suggests a cautious market response to rising rates. This could influence Spain's borrowing costs and overall fixed income sentiment.
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