Spanish practice makes perfect

Reuters scored a significant win on Tuesday, August 17, beating Dow Jones and Bloomberg to the punch with the details of a successful Spanish government bond auction, helping to settle market jitters about the euro zone’s weaker members which have been building anew in recent weeks. Spain’s auctions have been a regular market mover with investors worried about a euro zone debt crisis and last week was no exception — The spread between 10-year Spanish and core German bond yields narrowed by about 9 basis points to 168 over the day. In this highly competitive arena we were about four to 10 seconds ahead on key alerts, plenty of time for a Reuters subscriber to execute a trade ahead of rivals.