Yields on Spanish bonds surge on prolonging the payback period for Greece

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Source: Bloomberg
© scanpix/reuters

Spanish bonds dropped, triggering an increase in the 10-year yield, as IMF and eurozone finance ministers did not come up with a strategy on how Greece can pay back its debt. The yield advanced 6 basis points, or 0.06 percentage point, to 5.95%. The 5.85% security maturing in January 2022 lost 0.435 per 1,000-euro to 99.265.

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Tue, 13 Nov 2012 20:20:38 GMT

Australian Finance rallies to 6.9% in September

Australia's commercial finance advanced in September according to data released by the Australian Bureau of Statistics. Total commercial finance grew seasonally-adjusted 6.9% to AUD29.6 billion, rebounding from its 4.7% decline in August. The gain signals that the monetary stimulus throughout the year has helped to foster demand for credit. Earlier in November the BOA decided on retaining the cash rate at 3.25%, which was followed by

Tue, 13 Nov 2012 20:09:37 GMT

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