Spain’s bond sale is a relative success–yields climb but the country meets its target amount for the auction
Borrowing costs did continue to rise with the yield on the benchmark Spanish 10-year bond climbing to 5.743% from 5.403% at the last auction in January. But Spain sold 2.54 billion of 2- and 10-year debt.
The bond market is holding its breath waiting for Spain’s auction tomorrow
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...What’s behind today’s rally in Spanish bonds? Shorts don’t believe the ECB will stay on the sidelines and have decided to take profits
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Yields on the Spanish 10-year bond crack 6% ahead of this week’s auctions
Today, the benchmark Spanish 10-year bond climbed 0.18 percentage points to 6.16% before a late rally sent the yield back down to 6.07% at the close. That still left the yield above the psychologically important 6% level. The Spanish 10-yead bond hadn’t seen 6.16% since December 1, before the European Central Bank unleashed its program of 1 trillion in 3-year loans for European banks.
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The Spanish debt crisis combines the worst of the Greek and Irish crises in a too-big-to-fail package
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Stocks rally on even a suspicion that another round of quantitative easing might be on the way from the Fed
If bad economic and bond market news raises the odds that the Federal Reserve and other central banks will launch another round of monetary stimulus, then “bad” news is really “good” news, right? That’s the logic today when despite bad news on U.S. unemployment and Italian bond yields, global stock markets have moved back into rally mode.
The ECB talks down Spanish and Italian bond yields
Italy sold 11 billion euros ($14.4 billion) of three-month and one-year debt. The amount sold at auction met government targets but the yield soared to 2.84% from 1.405% at the last auction of similar maturities on March 13. Italy is due to auction 5 billion euros of bonds tomorrow. But yields on 10-year Spanish and Italian bonds fell on speculation that the ECB would resume buying bonds
Gold and gold stocks love this new chapter of the Euro debt crisis
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Like so much market turmoil since 2010, today’s sell off is rooted in Europe–and it’s hard for me to see a quick reversal of the current downward trend
The worst damage actually didn’t take place in EuroZone stock markets today. That distinction goes to the Spanish and Italian bond markets. The yield on the Spanish 10-year bond climbed 0.2 percentage points today to 5.985%. That puts the bond knocking at the 6% level that earned the title “crisis” back in December. The yield on the Italian 10-year bond rose to 5.691%.
Saturday Night Quarterback says, For the week ahead look to see if…
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