X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The European Central Bank’s plan to buy bonds is proving more successful at keeping borrowing costs for France and Belgium near record lows than persuading investors to lend to Spain and Italy for less.

Spain’s three-year yield is back up to 3.83 percent after dipping to 3.37 percent on Sept. 7, the day after ECB President Mario Draghi detailed his proposal to buy unlimited debt for countries that agree to economic conditions in return for help. Since then, investors have lost 0.1 percent on Spanish debt repayable in three year or less, and made 0.1 percent on Belgian notes with similar maturities. The cost of insuring French debt against default has declined 24 percent, almost twice the 13 percent drop in Italian default-swap costs.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.