The profitability of the Spanish bond rises to 0.63%, the highest since October 2020 By EFE

Madrid, Nov 1 (.) .- The profitability of Spanish sovereign debt continues to climb and this Monday ended at 0.630%, after rising 3.61%, reaching maximum at the close of a session since October 2020.

Last Friday, the Spanish bond exceeded 0.6% for the first time since May, in a day in which it was known that inflation in the euro area grew seven tenths in October and stood at 4.1%, according to Eurostat .

A day earlier, an increase in Spanish and German inflation was also published, while the president of the European Central Bank (ECB), Christine Lagarde, assured that prices will moderate more slowly than expected.

However, the ECB decided to keep its monetary policy unchanged.

At the close of the secondary debt market, the yield of the Spanish ten-year bond has risen to 0.630%, from the 0.608% at which it closed the previous session.

The Spanish sovereign debt maintains the same trend as the German one, since the yield of its ten-year bond, known as the “bund”, and considered the safest in Europe, has also advanced (it has become less negative) until – 0.104%, compared to -0.107% on Friday.

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