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