|Madrid Stock Exchange Index vs. |
Spanish 10-year Government Bond Yield (Bloomberg.com)
|Spanish 10-year Government Bond Yield (Bloomberg.com)|
I see that Bankia hit penny land yesterday morning. Is the EUR18 billion bailout plan by Spain's government to inject government bonds into Bankia for equity (which they can then park at the ECB as collateral for cash) going to happen (1, 2, 3, 4, 5)? Subordinated bonds (junior bonds) at other Spanish banks (BBVA, Banco Santander) have had a bad month as well.
|Bankia hits a low of 0.96 (Bloomberg)|
Oh this might come in handy: Spanish Bank and Sovereign Debt Risk Monitor (Maturity Schedule, Yields, CDS).