Italy, Spain Plan Bond Sales to Take Advantage of Yield Slump
- Spain sale may be too good to miss, still attractive: Mizuho
- Yields near record low in Spain, lowest since 2018 in Italy
This article is for subscribers only.
Italy and Spain are rushing to take advantage of a slump in long-term borrowing costs across Europe with debt sales this week.
The nations’ bonds will attract investors craving positive returns in a European market getting flooded with negative yields, after a rally in the past week spurred by the European Central Bank’s hint of fresh stimulus. Spain is expected to syndicate an estimated nine billion euros ($10.2 billion) of 10-year debt Wednesday, while Italy has mandated banks for an offering of 20-year bonds, according to a person familiar with the matter.