Elena Salgado the Spanish Minister of Economy says that she is not concerned about the country’s increasing public debt, or the market for bonds, and Spain will continue to issue bonds with no reason for the market to worry.
She said there is no reason that demand for the bonds would be affected by the relatively low, but increasing, Spanish public debt, as well as pressure from American bond market problems.
She said that Spain still has an excellent international credit rating, so there is little risk in investing in Spanish bonds. The ten-year bonds known as “bonos” are performing well in relation to the German equivalent, which are regarded as a ‘safe bet’ even in these difficult economic times.
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