Investor confidence is on the mend, exemplified by the recent placement of €10 billion ($13.8 billion) in ten-year government bonds – which was over-subscribed by four times. While risk premiums on ten-year bonds remain far above pre-crisis levels, yields have dropped considerably, from 4% at the beginning of 2010 to 3.2% today.
首先是一些好消息。投资者信心正在进一步修复，比如最近发行的100亿欧元（折合138亿美元）十年期西班牙政府债券就得到了4倍的超额认购。虽然十年期债券的风险溢价依然远高于危机前水平，但汇报率已经出现了相当程度的下降，从2010年初的4%回落到如今的3.2%。同时也不断有银行和企业重新回归资本市场。