Arab Today, arab today spain\s 10 year bond interest rate under 4
Last Updated : GMT 17:42:02
Arab Today, arab today
Arab Today, arab today

Spain\'s 10 year bond interest rate under 4%

Arab Today, arab today

Arab Today, arab today Spain\'s 10 year bond interest rate under 4%

Madrid - XINHUA

Spain's 10-year bond interest rate stood below 4 percent on Thursday session to 3.992 percent, local media reported on Thursday. Spain's 10-year bond interest rate had fallen below 4 percent in November 2013, when the interest rate fell to 3.096 percent by closing time, falling below 4 percent for the first time since 2010. Meanwhile, Spain's risk premium experienced a big fall during Thursday session from 221 points in early trading to 204 points at mid-session, its lowest level in 32 months, although it had fallen below that figure in May 2011 but picking up by a few points in late trading. The performance of the Spanish risk premium improved in 2013, falling from 359 points in the beginning of the year to 223 points on Tuesday, confirming the trend of improvement in the Spanish stock market for the whole year. The IBEX-35 stock market value rose 21.4 percent in 2013, which meant the best year for the Spanish stock market since 2009. The Spanish risk premium had surpassed the 600 point mark in 2012 and its 10-year bond interest rate had surpassed 7 percent, but experts believe that the performance of the Spanish stock market will improve more in 2014 while Spain consolidates its economic growth. The IBEX-35 stock market in Madrid closed on 9,760 points on Thursday after suffering a fall of 1.58 percent. The risk premium closed at 203 points and Spain's 10-year bond interest rate at 3.977 percent.

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