Investors rush to low Spanish bonds as EU QE plan looms
In an 'economic beauty contest' NZ remains least ugly but changes could be coming.
Nathan Smith Wed, 21 Jan 2015
Global investors predicting large-scale European Central Bank (ECB) bond buying rushed to Spanish debt this morning in a surprising show of confidence.
Spain opened one of its largest ever bond sale at a record low rate, attracting a reported €23 billion ($34 billion) from across the globe.