The risk premium has stood at 63 points in a context marked by uncertainty due to Brexit and the ECB meeting this Thursday
The performance in the secondary market of the Spanish sovereign bond maturing in ten years has marked a new historical low of 0.024%, below the low of 0.035% in August 2019.
While the interest on the equivalent German bond stood at -0.611%, the risk premium offered to investors by Spanish bonds with respect to the benchmark of the bund it was around 63.77 basis points. For its part, the Portuguese bond fell to negative territory for the first time, standing at -0.013%.
This behavior of the bond takes place in a context marked by uncertainty due to the negotiations between the United Kingdom and the European Union to reach an agreement for Brexit.
Also, the European Central Bank (ECB) will update its macroeconomic forecasts on Thursday and will decide the new steps to follow in its monetary policy.
Fall on the Ibex 35
For its part, the Ibex 35 closed with a decline of 0.58% in the session this Tuesday, a holiday in Spain for the celebration of the Immaculate Conception day, remaining above the level of the 8,200 points.
Specifically, the selective Spanish has placed at 8,227.6 points with most of its values negative, in a scenario marked by the negotiation between Brussels and the United Kingdom to reach a divorce agreement.
The Vice President of the European Commission in charge of supervising compliance with the Brexit agreement, Maros Sreckovic, and number two of the British Government, Michael Gove, they have closed this Tuesday in Brussels a “principle of agreement” on the conditions of application of the pact from next January 1, which in practice means that London will withdraw from its controversial Internal Market law the clÃ Usulas designed to breach the divorce agreement.
The principle of agreement reached between the negotiators still needs the formal approval of the United Kingdom and the European Union, after which a last meeting of the monitoring commission will be convened to formally adopt the pact “before the end of the year. or”.
This movement partly paves the way for the difficult negotiation that Brussels and London are taking in parallel to agree on a partnership framework for future relations, with the challenge that it be concluded in time to avoid an abrupt break in the next December 31st.
The biggest increases in the Ibex 35 were presented by Santander (+ 1.67%), Cellnex (+ 1.58%), Pharma Mar (+ 1.5%), Repsol (+ 1.44%), Sabadell (+1 , 41%) and Acciona (+ 1.11%).
Conversely, the steepest drops have been those of IAG (-3.57%), MeliÃ¡ (-2.7%), Amadeus (-2.7%), Inditex (-2.61%), Indra (-2.48%) and Telephone (-2.18%).
InvestmentPfizer’s Vaccine, Illusion or Tipping Point for the Ibex 35?
PodcastWhat is behind PharmaMar’s trip to the stock market and the failure of Dentix in Spain?
MacroeconomÃaThe Ibex 35 underpins its comeback with the pull of the banks and the announcement of the Moderna vaccine