Spanish yields jump on the downgrade

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Source: Marketwatch
The yields for Spanish 10-year bonds rose sharply on Wednesday after Egan Jones cut the credit rating of nation's sovereign debt to B. Egan Jones decision sends Spanish notes to junk status. The borrowing costs for Spanish 10-year benchmark bills soared to 6.5b.p. to 6.475% in Wednesday morning. 
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Wed, 30 May 2012 10:04:04 GMT

Oil drops for the second session ahead of supplies report

The crude prices declined for the second consecutive day on Wednesday ahead of US supplies report which is expected to show that stockpiles increased to the record high since 1990. Oil to be delivered in July fell by USD 0.61 to USD 90.15 per barrel. July Brent oil shed 0.4% or USD 0.44 to USD 106.24 per barrel. 

Wed, 30 May 2012 09:21:05 GMT

Island moving towards next property bubble

The crisis management strategy in Iceland is making the next property bubble, National Registry warned on Wednesday. The value of new homes has jumped to a record high last quarter. The prices have accelerated 40.1% compared to the last quarter of 2010. The average housing prices have gained 11.3% compared to a deepest downturn period in 2009. Analysts warn the current price development may result in

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