Spanish borrowing costs edge up after Podemos win seats

Chris Papadopoullos
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SPANISH government debt interest rebounded yesterday after anti-austerity party Podemos gained its first seats since starting up a year ago.

Podemos won 15 per cent of the vote in a regional election in Andalucia. Analysts at JP Morgan have also noted that a greater share of 10-year bonds has been issued in response to the Eurozone’s new bond buying policy. The interest on Spain’s 10-year government debt yesterday rose to 1.25 per cent from 1.18 per cent.