Scottish Investors Shun Spanish Bonds Even at 5.5%: Euro Credit
This article is for subscribers only.
Spanish bond yields, approaching their highest level in eight years, still don’t offer enough reward to tempt fund managers 1,000 miles north in Scotland.
The yield on 10-year Spanish debt rose 1.52 percentage points to 5.52 percent in the past two months as investors speculated Spain might follow Greece and Ireland in needing a rescue package to avoid default. That’s about half the level available for lending to Greece for the same period.