Spain bond yields decline on ECB intervention hopes

Source: RTTNews
Spain's bond yields tumbled on belief the ECB would resume buying peripheral bonds. The Spanish Treasury raised EUR 4.51 billion from sale of 12- and 18-month notes on Tuesday, the agency forecast a range of EUR 3.5 billion – EUR 4.5 billion. The one-year note yield fell to 3.070% from 3.918% in preceding auction on July 17. The 18-month debt traded at 3.335% from 4.242%.
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Tue, 21 Aug 2012 21:28:48 GMT

Single currency rocketed on ECB hopes

The Euro rocketed on Tuesday, August 21, as the optimism over bold ECB action to stem the 17-member bloc's debt crisis grew. The shared currency soared 1.03% to $1.2472. At the same time, the ICE Dollar Index erased 0.68% to 81.9. Moreover, better-than-expected Spain debt auction boosted the Euro as well, with Spain selling 4.51 billion euros of 12- and 18-month bonds.

Tue, 21 Aug 2012 20:22:47 GMT

Copper climbs on Eurozone hopes

Copper advanced to the two-week high amid optimism an upcoming ECB strategy will help stop the euro-debt crisis, however prices will probably hold quite stable as investors await more trading signals. On Tuesday, three-month copper rose 1.8% to $7,590 per tonne in London, the strongest since August 7.

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