{"id":450,"date":"2010-07-02T11:04:00","date_gmt":"2010-07-02T15:04:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=450"},"modified":"2018-08-18T17:42:35","modified_gmt":"2018-08-18T21:42:35","slug":"the-spanish-succeed-in-raising-debt","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/07\/02\/the-spanish-succeed-in-raising-debt\/","title":{"rendered":"The Spanish succeed in raising debt"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">Recall that in the last several weeks I discussed the importance of the upcoming Spanish government debt auction.\u00a0 I felt that it would be an indicator of the investment community&#8217;s faith in the\u00a0European&#8217;s ability to have staved off their debt crisis.\u00a0 Well yesterday saw Spain raise its full intended amount of 3.5 billion euros.\u00a0 Another indicator of the financial markets&#8217; faith in the European plan is that the cost of borrowing in Spain only increased by 12 basis points.\u00a0 So the cost of a 5-year bond to the Spaniards went up to 3.657% from 3.537%.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">This result was even in the face of a warning from debt ratings agency Moody&#8217;s which warned that it would possibly downgrade Spain&#8217;s credit rating because of the additional debt.\u00a0 Given the foment, this very minor increase in the cost of borrowing is very surprising.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Now the attention shifts to Greece&#8217;s efforts at raising debt taking place in a couple of weeks.\u00a0 If that succeeds it will likely calm the panic that seems to have permeated investors&#8217; moods for the last 6 weeks.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recall that in the last several weeks I discussed the importance of the upcoming Spanish government debt auction.\u00a0 I felt that it would be an indicator of the investment community&#8217;s faith in the\u00a0European&#8217;s ability to have staved off their debt crisis.\u00a0 Well yesterday saw Spain raise its full intended amount of 3.5 billion euros.\u00a0 Another [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-450","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=450"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/450\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}