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Spanish Bonds to Suffer as Podemos’s Iglesias Rises in Polls

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Pablo Iglesias’s pledge to restructure $1.1 trillion of Spain’s debt could make investors more cautious about the nation’s bonds, a survey showed.

The rising popularity of Iglesias’s anti-austerity Podemos party could mean Spain pays an extra 50 basis points on securities maturing in ten years, according to the median estimate of nine economists surveyed by Bloomberg News.