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The risk premium continues to rise and closes the week at 126.3 points

MADRID, 10 Jun.

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The risk premium continues to rise and closes the week at 126.3 points

MADRID, 10 Jun. (EUROPA PRESS) -

The risk premium offered to investors in Spanish bonds with a maturity of 10 years compared to their German counterparts closed this Friday at 126.3 basis points, which represents an increase of seven integers compared to the level marked by the differential on Thursday.

The premium has started the day practically unchanged compared to Thursday, opening at 119.5 points, from 119.3 integers the previous day. During the day, the maximum has reached 127.5 points.

In this way, the yield offered by the Spanish bond with a maturity of 10 years in the secondary debt markets closed the week at 2.779%, which is its highest level since July 2014. The yield started the day at 2.618%, although it has quickly started the upward climb.

On its side, the yield registered by the 'bund', the German bond with a maturity of one decade, has reached its highest level since April 2014, reaching 1.516%, after having opened at 1.430%.

This new escalation in the secondary debt markets has occurred after the United States reported that the country's inflation had picked up again in May, reaching 8.6%. This represents the largest year-on-year increase since December 1981.

On Thursday, the European Central Bank (ECB) reported that in July it would terminate purchases under its public asset purchase program (APP). It also announced an interest rate hike of 25 basis points at its July meeting and a similar or even higher rate hike in September.

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