Spain yields climb on low demand

Note: This section contains information in English only.
Source: Bloomberg
Spain managed to auction EUR 2.6 billion (USD 3.4 billion) of notes or the amount close to the planned minimum. As result Spanish yields surged as the positive effect from ECB cheap cash faded. The Spanish borrowing costs for 10-year notes advanced from 5.45% to 5.64% yesterday compared to 4.87% on March 1, before PM Rajoy said Spain would fail to meet its budget deficit target for 2012.
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Thu, 05 Apr 2012 06:11:47 GMT

Morgan Stanley: gold to hit 2,175 US Dollars per ounce

Morgan Stanley projects the gold's price to average at 1,845 US Dollars per ounce this year whereas oil prices are likely to average at 105 US Dollars per barrel. The yellow metal's price is expected to rise to 2,175 US Dollars per ounce next year. However, the oil market is likely to follow bearish trend and may even decline to

Wed, 04 Apr 2012 16:11:19 GMT

Daily Market Overview: USD/CHF

USD/CHF traded above the 0.9100 though it slipped back to this level from 0.9182 today after the ISM non-manufacturing PMI declined more than it was expected (56.0 act./56.9 est.).

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