Spain Sells First-Ever 50 Year Bonds At 4% Coupon

Jon Alternative Media, Blogosphere, Economy

Perhaps in order to celebrate its manufacturing PMI dropping from 53.9 to a below expectations 52.8, refuting the “growth story” promoted by its definitionally re-revised GDP (where the long overdue boost from hookers and blow is finally leading the country to new and improved Keynesian growth curves), moments ago Spain joined the likes of Canada, Caterpillar and Goldman and just issued, for the first time in its history, 50 Year bonds in a private placement. From Bloomberg:
SPAIN SELLS EU1B 50-YR BONDS SPAIN TREASURY SELLS FIRST-EVER 50-YR BONDS, COUPON 4%

This post was published at Zero Hedge on 09/01/2014.