Italian 3-year yields drop to record low since 2010

Note: This section contains information in English only.
Source: Bloomberg
Italy managed to sell EUR 6 billion of its 3-year notes with borrowing costs declining to the lowest reading since October 2010 as ECB loans supported demand. The yield on Italian 3-year bill slipped two basis points to 2.66%. The borrowing costs on benchmark 10-year notes also gave up two basis points, attaining 4.87% compared to 7.26% in November 25.
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Wed, 14 Mar 2012 13:50:30 GMT

Hang Seng index lower on Jiabao announcement

Hong Kong's Hang Seng index bucked Asian market upward trend and declined on Wednesday after Chinese PM Wen Jiabao reiterated Beijing will not ease monetary policy towards real estate sector. Hang Seng index dropped 0.15% or 31.81 points to 21,307.89 with telecommunication sector posting the biggest loss. Heavyweight China Mobile contributed to the downside, tumbling 2.7%. On the upside index

Wed, 14 Mar 2012 12:29:24 GMT

Asian stocks trade mixed on Wednesday

Asian markets showed mixed performance on Wednesday. Japan and South Pacific region shares rallied lifted by US economic data while those in China mainland and Hong Kong slipped after Chinese PM rejected possibility for easing policy towards real-estate market. Shanghai Composite fell 2.6% and Hang Seng index lost 0.2%. In contrast Australia's S&P/ASX 200 index surged 0.9%, South Korea's Kospi added 1%

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