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Spain sells short-term debt at higher yields

FXstreet.com (Barcelona) - The Spanish Tesoro Público held a debt auction on Tuesday during which it sold a total of 3.511 billion euro worth of 3- and 9- month bills, exceeding the maximum target of 2.5-3.5 billion euros.

892 million euros of 3-month bonds were auctioned at an average yield of 0.331%, compared with 0.12% seen at the previous auction. 2.619 billion euros worth of 9-month bonds, were sold at an average yield of 0.789% versus the previous 0.787%.

Flash: RBNZ’s survey of 2yr inflation lowest level since Q4 1999 – TD Securities

Research teams at TD Securities noted that the net migration doubled to 4,960 in April, from 2,460, on a 12m cumulative basis and said this was a positive for domestic demand.
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Commodities Brief – Gold rally capped at 1399, precious metals shed overnight gains

Gold prices jumped yesterday, forming a major bullish engulfing candle and indicating an upside rebound. Ultimately, a retest of the minor descending trend seems imminent, as break above the trend line shall clear the way towards another test of 1478.00 resistance area. An extension higher to the 1390 level will lend strength to the recovery movement, which has thus far been few and far between over the past week. At the time of writing, the price of gold is now trading at USD $1380.08 per oz. Tuesday, after capping at the 1399 level earlier today.
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