Spanish auction

Spanish Glue

June 26, 2012

Spain’s problems look increasingly sticky.  Moody’s downgraded the rating of 28 Spanish banks, and Spanish T-bill auction results produced worse results on dampened expectations of a productive EU summit at the end of this week.  The 2.36% yield on the 3-month paper sold by the government was 1.5 percentage points higher than at the May […] More

Less Risk Aversion than Yesterday… Investors Await FOMC Statement

December 13, 2011

After difficult trading on Monday, European equities have recovered 0.8% in Germany, 0.5% in Great Britain and 0.2% in France.  Psychology got a boost from  better-than-expected data from the German ZEW Institute and Spain’s bill auction, which sold more paper than planned. In earlier Pacific Rim trading, stocks fell by 2.3% in China, 1.9% in […] More