Spanish PM to face confidence vote on Friday

Omkar Godbole FXStreet Contributor

Spanish Prime Minister Mariano Rajoy will face a vote of confidence on Friday, according to Reuters News.

Opposition Socialists, who proposed the vote, may not get enough support in the fragmented legislature. Nevertheless, the news weighed over the Spanish bond markets, pushing the benchmark 10-year government bond yield to a 2-1/2-month high on Monday.

Meanwhile, the Spanish-German bond yield spread also rose to year-to-date highs.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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