© Reuters. The profitability of European debt rises more than one tenth after the ECB
(Updates EC4472 with the data at the close of the market)
Madrid, Mar 16 (.).- The profitability of European sovereign debt has lived this Thursday in a volatile session marked by the rise in interest rates of the European Central Bank (ECB) which, despite the market turbulence, has raised the price of money by another 50 basis points, to 3.5%.
Debt interest started to rise after yesterday’s bulging fall, but when the decision of the European body was known, they have sunk and have come to fall compared to Wednesday’s level.
The ten-year German bond, considered the safest and most active refuge, has come down to 2.113% (it ended yesterday at 2.118%), according to Bloomberg data collected by EFE.
However, minutes later, it recovered and finally rose 16 basis points and ended at 2,280% while the stock markets rallied.
The same evolution has been followed by the rest of the members of the euro area, although in Italy and Greece the rises at the close of the market have been more contained, of 7 and 5 basis points, up to 4.174% and 4.232%, respectively.
The spreads with the German debt, the , continue at contained levels and without major changes despite the turbulence.