Madrid, Feb 24 (.).- Russia’s military attack on Ukraine, which has plummeted the stock markets and triggered the prices of energy raw materials, puts upward pressure on assets traditionally considered a safe haven for investments, such as money and debt public.
Shortly after 9:30 GMT, an ounce of gold rises 2.05% and costs $1,948, a level not reached since January 2021, in the midst of the third wave of coronavirus and when mass vaccination of the population had barely begun, according to Blommberg data consulted by Efe.
As for sovereign debt, the instability of the markets has made investors perceive it as a safe investment, even at a time like the present, in which it is taken for granted that interest rates will rise to combat the high inflation.
At the same time, the interest on the ten-year debt of the eurozone countries falls this morning in the secondary market between three and eight basic points due to the high demand.
The return on the ten-year German bond, considered the safest, falls 8.3 basis points, to 0.141%, and with which it loses the level of 0.2% that it reached at the beginning of February due to the tightening of monetary policy of the big central banks.
The Spanish bond has an interest of 1.189%, that of Italy, 1.875%; and that of Portugal, 1.081%. In all cases, falls exceed 6 basis points.
Greek debt falls less strongly, about three basis points, and presents a yield of 2.561%.
The US bond presents a return of 1.875%, which is one tenth less than that of the previous closing and the minimum since the beginning of February.
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