Spanish bond yields
A Mixed Bag of Overnight News
August 28, 2012
ECB President Draghi will not be attending the Jackson Hole Symposium. He was previously scheduled to speak on Saturday. The announcement creates more uncertainty about what the Governing Council will decide regarding support for Italian and Spanish bonds. Investors will have to wait until the next meeting on September 6, still ten days away. Japan’s […] More
Some Hope Returns to the Market
July 10, 2012
News that the Eurogroup of Ezone officials announced plans for faster loans to Spanish banks pushed 10-year Spanish sovereign debt yields back to 6.90% from 7.07%. China’s trade surplus surpassed expectations in June. At $31.7 billion, such was easily the largest surplus of 1H12. There was a $68.8 billion surplus in the second quarter after […] More
A Nondescriptive June Tuesday
June 12, 2012
The dollar is unchanged against the euro and Swiss franc, up 0.1% versus the yen, and off 0.3% relative to the loonie and sterling and by 0.1% versus the yuan. Bigger drops of 0.8% and 0.5% have occurred against the New Zealand and Australian dollars. After Monday’s sizable drop in U.S. share prices, equities fell […] More
Focus Continuing on Europe, and the Mood Remains Apprehensive
March 26, 2012
The dollar climbed 0.6% against the yen but is otherwise narrowly mixed, with losses of 0.3% versus the loonie and 0.1% against the Australian dollar but gains of 0.2% vis-a-vis the euro and Swissie and 0.1% relative to sterling. The dollar was fixed in Beijing at a new post 2005 low of 6.2858 yuan but […] More
