On this page you can follow the value of the Spanish risk premium minuto por minuto. El valor de la prima indica el riesgo que los mercados financieros asignan a la deuda de un país. Cuanto mayor be ese valor, mayor será la financing cost that the country must pay and therefore the greater is its risk of bankruptcy.
Today the Spanish risk premium is 66 basic points.
Sixty-five +10,65%06/04/2021 14:40
64 +10,64%06/04/2021 10:40
In the case of Spain, the risk premium is calculated based on the German risk premium, so a value of 400 points means that the differential Between the German and Spanish risk premium it is 400. As an example, if it costs Germany 1.3% to finance itself and Spain has a differential of 400 then the financing cost in Spain is 5.3%. This value is obtained by adding 130 + 400 = 530 (5.3% as a percentage).
The risk premium has unfortunately become famous in Spain as a result of the sovereign deduction crisis of the year 2011 that raised the value to figures above 500 points. In this situation, a country cannot finance itself in the markets, so default risk it's huge.
