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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
Recommended content
Editors’ Picks
AUD/USD stays pressured below 0.6450 amid Middle East escalation
AUD/USD remains under moderate selling pressure in the Asian session on Monday. The US Dollar capitalizes on haven demand amid the rising tensions in the Middle East after the US attacked Iran over the weekend. The risk-off mood also hurts the higher-yielding Aussie Dollar.
Gold's struggle with $3,400 extends amid Middle East escalation
Gold price has come under moderate selling pressure and reverts toward $3,350 early Monday, having faced rejection just shy of the $3,400 threshold. In doing so, Gold price filled in the bullish opening gap of about $25, led by the market’s reaction to the weekend news of the US military involvement in the Israel-Iran conflict.
USD/JPY fills bullish gap to advance toward 147.00 amid risk-off mood
USD/JPY is jumping toward 147.00 in Monday's Asian session as the US' bombing of Iranian nuclear facilities drives some safe-haven flows into the US Dollar, helping the pair. The divergent BoJ-Fed policy expectations could cap the pair's upside.
Week ahead: PCE inflation and flash PMIs on tap amid Middle East jitters
Ongoing Israel-Iran tensions to keep risk sentiment in check. US core PCE and consumption data to offer much-needed distraction. CPI readings also due in Canada, Australia and Japan. Flash PMIs for June in the spotlight too amid tariff chaos.
What if Iran closes the Strait of Hormuz?
The Strait of Hormuz is one of the key global energy gateways, with approximately 20 million barrels of oil flowing through the strait daily. If the Strait of Hormuz became non-navigable, at least in recent history, it would constitute an unprecedented negative supply shock for the energy markets.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.