Spain's borrowing costs exceed those of Greece

Source: Bloomberg
© Scanpix/AP

Spain's 3-month borrowing costs reached 5.11% more than double the rate requested during previous auction last month. Even Greece has lower yields for 3-month notes as Treasury paid 4.63% for 13-week bonds. Surge in Spanish yields took place after recently elected People's Party asked EU to rescue nation as it cannot afford to pay 7% on its 10-year debt.

Back to articles

Actual Topics

Tue, 22 Nov 2011 17:16:55 GMT

Pound increased as US GDP growth forecast declines

The pound covered losses against USD after six-week low. US government announced a cut in US GDP growth forecast that caused greenback's decline against pound.   GDP/USD rose by 0.07% to 1.5654. However, the pound was slightly lower against other currencies. EUR/GDP increased by 0.18% reaching 0.8639.

Tue, 22 Nov 2011 15:24:32 GMT

Thomas Cook shares decline on possible increase of its borrowing

Stocks of Thomas Cook declined dramatically after news about possible increase of the amount it iplans to borrow. The share price decreased by 65%. The bank is negotiating ВЈ100m credit that would increase its total debt from ВЈ900m to ВЈ1bn. Thomas  Cook also announced its plans to close down 200 from its 1,200 High Street travel agencies and currency exchanges.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.