Spanish investors cheer new prime minister appointment, bonds and equities rally - ConsultFX

Spanish investors cheer new prime minister appointment, bonds and equities rally

Spanish 10-year bond yields fall by 15 bps on the day Mariano Rajoy lost the no-confidence motion earlier, and Socialist leader Pedro Sanchez is due to take over as prime minister of Spain. Sanchez's appointment seems to be met with good vibes right now as he is seen as a more "pro-European" candidate.