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12:17
€138 billion rush for Spanish 10-year bonds compresses yield spread to 6 basis points as funds flood in amid geopolitical turmoil
(1) On Wednesday, the Spanish Treasury successfully issued 13 billion euros in 10-year benchmark government bonds through a syndicate, with final demand reaching as high as 138 billion euros. The Treasury stated that the strong demand "once again highlights investors' confidence in the Spanish economy against the backdrop of increasing international geopolitical uncertainty."(2) Spain lowered the yield guidance from an initial 8 basis points premium over comparable outstanding government bonds to 6 basis points. The bond will mature on October 31, 2036. The lead underwriters for this issuance include BBVA, Citibank, Deutsche Bank, Morgan Stanley, Santander Bank, and Société Générale.(3) Spain plans a net bond issuance of 55 billion euros in 2026. Earlier this year, its 10-year and 30-year bond issuances have already recorded record demand, with demand for the January 10-year bond reaching nearly 145 billion euros.
12:15
The US ADP Employment Change for the week ending on May 9th showed a weekly variation of 35,750 workers.
BlockBeats News, May 27th: In the week ending May 9th, ADP Nonfarm Employment Change in the United States was 35,750, with a previous value of 42,250.
12:12
AAVE falls below $85
Jinse Finance reports that market data shows AAVE has fallen below $85, currently quoted at $84.99, with a 24-hour drop of 2.86%. Due to significant market volatility, please ensure proper risk control.
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