Markets are still waiting the announcement of the budget in Spain, especially after a governmental document related to the Spanish budget showed that Spain's public debt is expected to reach 79.8% this year, compared with 68.5% in 2011.

Spain debt-to-GDP ratio stands above the target of the European Union, where according to the legislation the public debt shouldn't reach more than 60%, yet Spain is still managing better ratio than other indebted nations, but still the nation might follow other countries as growth is weakening, while unemployment is surging.

Spain will now issue less long-maturity bonds and replace them with shorter bonds in order to increase the circulation of the bonds, according to the document.