Italian bonds drop ahead of auction

Note: This section contains information in English only.
Source: Bloomberg
Italian bonds declined pushing the borrowing costs on 10-year debt securities above 7% as country prepared to sell notes worth around 20 bn euros in the forthcoming bond auction. The yield for 10-year Italian bills hit 7.07% on Tuesday morning session. Alessandro Giansanti, a strategist at ING Groep NV predicts the auction to push Italian borrowing costs even higher.
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Wed, 28 Dec 2011 07:54:10 GMT

US consumer confidence in December better than forecast

The Conference Board Consumer Confidence Index, which already advanced in November, extended its progress also in December. Index for December reached 64.5 compared to 55.2 in November. Analysts previously predicted a reading to reach 58.5. The index measuring present situation increased from 38.3 to 46.7 while expectations index jumped from 66.4 to 76.4. 

Tue, 27 Dec 2011 15:10:51 GMT

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