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© Reuters. European bonds continue to lose yield due to the stock market crash
(Updates EC1173 with more data)
Madrid, March 13 (.).- The yield of the sovereign debt of the main countries of the euro area continues to lose ground after the negative close of the stock markets of the Old Continent, greatly affected by the intervention of US banks Silicon Valley Bank and Signature Bank.
The interest on the ten-year German bond, which works as a reference in this market since it is considered the safest, fell back shortly before 7:00 p.m. to its lowest level of the year, up to 2.247%, 25.4 basis points less than in its last closure.
The yield on French sovereign debt also falls, 21.3 points, and remains at 2.793%.
In the Iberian Peninsula, the decreases are slightly lower, of around 19 points, which places the yield of the Spanish ten-year bond at 3.346% and that offered by the Portuguese at 3.180%.
In Italy and Greece, with yields of 4.172% and 4.245%, respectively, the decrease is 13.4 points in the first case and 5.1 in the second.
Fears that the problems at Silicon Valley Bank and Signature Bank could spread have caused widespread risk aversion, with investors abandoning equities in favor of sovereign bonds.
The main indices of the European stock markets have closed the session with heavy losses, and Milan has fallen 4.03%; Madrid, 3.51%; Frankfurt, 3.04%; Paris, 2.9% and London, 2.58%.
In this way, the risk premiums (the difference in the yield of the ten-year bond of each country with that of Germany) stand at 108.7 points in the case of Spain; in 92.1 points that of Portugal; 191.3 points for Italy and 198.6 points for Greece.
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