Support Real S.L Takes A Closer Look Into The Successful Spanish Debt Auction.

Feb. 9, 2012 - PRLog -- Support Real S.L is an expanding sales and marketing company in Madrid. The economic crisis around the world is a concern for all business owners.  Spain’s borrowing costs plummeted Tuesday at a debt auction, helping to lift the euro and stocks, as the European Central Bank began rolling out a new lending program that could encourage banks to buy euro-zone government bonds.
The Spanish Treasury sold €5.6 billion, or $7.3 billion, of debt, more than the €4.5 billion it had planned to sell after it met with solid demand. It sold three-month bills priced to yield 1.74 percent, down from the 5.11 percent it paid to sell similar securities on Nov. 22. It also sold six-month debt securities at an average yield of 2.44 percent, compared with the 5.227 percent it paid in November.
The euro bounced up to $1.3120 Tuesday, from $1.2998 late Monday in New York. U.S. stocks opened higher Tuesday, following major European stock indexes, which rose around 2 percent. Support Real S.L is excited about the fact that things within the European market are looking up, ‘this is good news for business owners that operate internationally. Most news nowadays is negative so it is refreshing to hear about something positive to do with the Euro’ commented the Managing Director of Support Real S.L.
The solid result will come as welcome news for Mariano Rajoy, who will take office Wednesday as prime minister of Spain. Analysts attributed the positive result — as well as a strong Spanish auction last week — partly to the new E.C.B. initiative.The central bank on Dec. 8 cut its main interest rate target to 1 percent from 1.25 percent, and said it would begin offering banks unlimited loans of up to three years at that rate, from a maximum of one year previously. It also said it would accept a wider range of collateral for those loans.
The program, officially known as a long-term repo operation, “is very important,” Laurent Fransolet, a European rate strategist at Barclays Capital in London, said. “but it’s not easy to understand, so many commentators haven’t been focusing on it.” Support Real can relate to that comment with a source form Support Real S.L saying, ‘so many people have no idea how or why certain things happen in the economic environment however they do feel the effects of when things go bad.’
Support Real S.L has experienced a massive grown since opening, and the business model adopted has gone undeterred by the macro-environment.
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