Spain bond yields drop on ECB intervention speculation

Source: Bloomberg
Spain's 10-year bond yields tumbled to a seven-week low amid speculation ECB will create a plan limiting indebted nation's bond yields to stabilize the Eurozone's debt crisis. The 10-year yields declined to 6.23% on Monday, after trading at 6.16%, the least since July 2. The two-year yields fell to 3.36%, the lowest since May 8. German Bunds dropped for the first time in three days.
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Mon, 20 Aug 2012 16:57:46 GMT

Loonie trades near 3-month high versus U.S. Dollar

Canada's currency traded near a three-month high against the U.S. counterpart on better U.S. economic expansion prospects and belief ECB is moving towards cutting the sovereign-debt recession. On Monday, the Loonie was stable at 98.90 cents per U.S. Dollar, after touching 98.60 cents on Aug. 16, the strongest since May 3. One Loonie buys $1.011.

Mon, 20 Aug 2012 16:35:45 GMT

Greece current account deficit drops in June

Greece's current account deficit declined dramatically on year in June, Bank of Greece said on Monday. The current account shortfall dropped to EUR 274.3 million from EUR 1.598 billion in previous year. The income account deficit fell to EUR 243.4 million in June, compared to EUR 1.233 billion in 2011. Meanwhile, current transfers deficit declined to EUR 11.3 billion from

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