Today and Thursday the Spanish Treasury will sell bonds. The last debt issue occurred when the risk premium was at 610 basis points. Yesterday it had dropped to 430 even though it was up 20 points from the day before.
It is undeniable that stability has increased since Draghi announced that the ECB is considering helping struggling European nations, but we must remember that this period of calm could end at any moment. A good indicator of that possibility is the fact that the risk premium jumped 20 points yesterday.
To nix doubts about hte health of the Spanish economy, it?s necessary to make some decisions. Rajoy should say whether he will ask for a bailout or not.