Italian bonds increase on Cyprus speculation

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Source: Bloomberg
Italian 10-year bond yield decreased by six basis points, or 0.06 percentage points, to 4.53% in the end of London trading session on Friday. Bond prices increase for a third straight day, as Cyprus signals about getting closer to a deal, which will result in an international bailout. Traders consider a current situation as a buy opportunity, assuming that the agreement will be reached in Cyprus over the weekend.
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Fri, 22 Mar 2013 18:05:09 GMT

Euro gains on speculation Cyprus will reach a deal soon

The Euro advanced by 0.7% to $1.2990 at the midday trading session in New York on Friday. The currency reached a 1.30 benchmark for the first time this week, as investors traded positively on speculation that Cyprus is getting closer to an international agreement, which will help to avoid a financial collapse.

Fri, 22 Mar 2013 16:00:37 GMT

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