PIMCO is now more bullish on Spain than just a short time ago:

Spanish bonds are “certainly getting better” as a potential investment, according to Andrew Bosomworth, a money manager at Pacific Investment Management Co.

“Real economic progress and healing is starting to take place” in Spain, Bosomworth said in an interview on Bloomberg Television’s “On the Move” with Francine Lacqua. Pimco manages the world’s largest bond fund.