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Spanish yields near record low as 50-year bond sale eyed

From reuters.com

Spanish yields headed towards record lows on Monday as investors digested news it could sell a 50-year bond that could help the country extend the maturity of its debt. Spanish financial daily Expansion quoted Inigo Fernandez de Mesa, the head of treasury, as saying that he could not rule out issuing a 50-year bond, suggesting the market was ripe for what would be the country's longest-ever bond. Spain and Italy have met more than 70 percent of their funding needs for this year, taking advantage of record low borrowing costs to frontload bond sales. "It makes sense for issuers to lengthen their maturity profile with ... (full story)

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