© Reuters. The profitability of European debt falls after the ECB rate hike
Madrid, March 16 (.).- The yield on European sovereign debt, in a volatile session, has turned downward after learning of the rise in interest rates by the European Central Bank (ECB) which, despite the turbulence of the market, has raised the price of money by another 50 basis points, up to 3.5%.
Upon learning of the decision of the European body, the yield of the ten-year German bond, considered the safest in Europe and an active refuge, has come down to 2.113%, a rate lower than yesterday’s market close (2.118%), according to Bloomberg data collected by EFE.
However, minutes later, the German bond reaches 2.13%.
In the case of Spanish debt, the ten-year bond yield has also fallen after the ECB announcement, to 3.241%, below the 3.245% closing date on Wednesday.
Like the German bond, at this time, it softens the fall, turns upward and reaches 3.256%.
In the rest of the peripheral countries of Europe, the profitability of the Portuguese bond stands at 3.079%; that of Italy, at 4.082%; and that of Greece, at 4.169%.
The euro rises slightly, to 1,059 dollars.
mtd-
