Spain on Thursday enjoyed negative interest rates on its medium-term debt for the first time since a crippling economic crisis, the central bank said, a key sign of recovery just three years after it came close to a bailout.
The Treasury sold 885 million euros ($1.0 billion) in five-year bonds at an average rate of return of minus 0.286 percent. That indicated investors were so confident in Spain's financial strength that they were willing effectively to pay to hold the bonds.
GMT 08:07 2017 Friday ,28 AprilSony sees net profit more than tripling in current year
GMT 08:05 2017 Friday ,28 AprilRoyal Bank of Scotland rebounds into slender Q1 profit
GMT 08:03 2017 Friday ,28 AprilUBS says profits surged 79 percent in first quarter
GMT 08:01 2017 Friday ,28 AprilAfghan Taliban announce start of 'spring offensive'
GMT 07:53 2017 Friday ,28 AprilBritish counterterrorism police say they have uncovered plans for imminent operations
GMT 17:33 2017 Thursday ,27 AprilTwo US troops killed fighting IS in Afghanistan
GMT 17:31 2017 Thursday ,27 AprilKenya opposition names Raila Odinga as presidential candidate
GMT 17:29 2017 Thursday ,27 AprilIsraeli missile shoots down 'target' over Golan