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Thursday, 12 January 2012

Relief for Italy and Spain in bond auctions

The borrowing costs for both countries were significantly lower than a similar sale last month. Italian 12-month bonds sold with a rate of 2.735 percent, down from nearly 6 percent last month, and Spanish three-, four- and five-year bonds fell below 4 percent.


Meanwhile 1-year Greek bond has 400% of return,- it is easy to see who is slotted for amputation.


Read more at http://www.dw-world.de/dw/article/0,,15661239,00.html  

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