Spanish bonds advance on bailout speculation

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
On Friday, Spanish bonds were traded higher as bailout speculation prevented the yields from an increase, despite weakening economy dragged into the fifth quarter of recession. The yield on benchmark ten-year government debt decreased by 4 basis points, reaching a level of 5.86% at 9:57 a.m. in London.
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Fri, 16 Nov 2012 13:13:14 GMT

Rand Appreciated after Failing to Break through Resistance Level

The Rand appreciated for the first time this week as its biggest weekly decline in November didn't manage to break through the resistance level of 9 rand per dollar. South Africa's currency gained 0.3% against the Dollar on Friday and traded at 8.9043 per dollar in Johannesburg. The currency declined 2.2% this week, the biggest loss in six weeks.

Fri, 16 Nov 2012 18:12:54 GMT

SNB: overvalued Franc continued to weigh on the economy

On Friday, chairman of the Swiss National Bank, Thomas Jordan, said in his speech that the Swiss Franc was still high, weighing on the country's economy. He also reaffirmed that the minimum exchanged rate would be left, since the reasons behind its introduction were still valid. Furthermore, he said that the bank attempted to minimize the risks by suitable diversification.

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