Thursday, August 30, 2012

Italy Borrowing Costs Drop Sharply On ECB Intervention Hopes, Spanish Debt Crisis Being Worsen As Catalonia Seeks Bailout

Great days friends, here is some short article about bonds market in Eurozone, The Spanish region of Catalonia sought a financial rescue from the government on Tuesday even as Prime Minister Mariano Rajoy repeated his earlier remarks that the country will not request for a full-blown international bailout. as previous news describe that Catalonia, the most indebted of Spain's 17 autonomous regions, requested for a EUR 5 billion bailout from the EUR 18-billion rescue fund, set up by Madrid to support its debt-ridden regions, what a bad news


Meanwhile from Rome we reporting, Italy's borrowing costs for six months declined sharply to its lowest level since March at an auction on Wednesday as investor sentiment was boosted in positive sentiment by hopes that the European Central Bank will resume the purchases of peripheral bonds that could bring down the country's bond yields

Latest monetary news from New York we reporting, The U.S. economy’s growth in the second quarter of 2012 was stronger than initially reported, but still fell short of the growth level posted in the first quarter. According to figures released Wednesday by the Commerce Department, the U.S. gross domestic product was revised up to 1.7 percent growth, somewhat stronger than the 1.5 percent initially reported. That revision, which the commerce department said came as a result of a downward revision to imports and inventory investment combine 
 

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