Italian and Spanish bonds advance ahead of auction

Note: This section contains information in English only.
Source: Bloomberg
Italian sovereign bonds climbed as the country prepared to sell around 11.5 bn euros of debt. 10-year borrowing costs on Italian bills gave up 12 basis points reaching 6.88%. Five-year bond yields lost 19 basis points reaching 6.16%. Yields on Spanish 10-year notes declined 23 basis points to 5.10% while those on 2-year papers dropped 28 basis points attaining 3.35%
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Wed, 28 Dec 2011 12:04:33 GMT

Grasberg copper mine may face another strike

Workers of Freeport McMoRan's Grasberg mine stopped working because of the dispute with management. Workers protest against forthcoming redundancies as company already laid off 18 workers and kept 101 additional employee on a temporary basis. To end the previous strike that stopped mine production for three months, management agreed to increase wages and not to reduce number of staff. However, currently company considers new

Wed, 28 Dec 2011 10:57:30 GMT

Spanish mortgages drop for 18th straight month

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