OctaFX | OctaFX Forex Broker
Open trading account
Back

Spanish borrowing costs fall at short-term debt auction

Spain sold 5.83 billion euros of short-term debt on Tuesday, meeting the top of the 4.5-5.5 target range.

1.98 billion euros of 6-month Letras were sold at an average yield of 0.794% vs the previous 0.859%. The bid to cover ratio was 3.2 compared with 2.9.

The average yield on the 12-month bills was 3.85%, down from 1.548% seen at the previous auction. The bid to cover ratio was 1.9 vs 2.0.

Forex Flash: US economy best of a bad bunch - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ writes that the US economy remains the best of a bad bunch at present and optimism is high, “(possibly too high?)”, as the economy starts to feel the impact from the sequester spending cuts that were triggered on 1st March.
Read more Previous

Forex Flash: What to do with EUR/USD? – UBS and Commerzbank

The single currency is treading water at the key mark of 1.3000 on Tuesday, as the markets show no signs of a more definite bias so far. The euro docket on Monday and Tuesday proved to be useless to ignite a break...
Read more Next
Start livechat