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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 5 April 2012 [View all]xchrom
(108,903 posts)13. OPTIMISM FADES: European Markets Fall Into The Red
http://www.businessinsider.com/morning-markets-april-5-2012-2012-4
UPDATE: Scratch that optimism. European markets just fell across the board, moving into negative territory. Bond yields in Italy and Spain have begun to climb.
This development appeared to follow a French bond auction. According to Bloomberg's Linda Yueh, the country sold 8.439 billion in bondsnear the top end of its target range. Yields on ten-year bonds rose from 2.91 percent in March to 2.98 percent today. Yields on five-year issues also rose, but those on 15- and 30-year bonds fell.
Still to come at 7 AM EST is an important decision from the Bank of England, which will decide whether or not to continue quantitative easing as its current asset purchase program winds down.
Read more: http://www.businessinsider.com/morning-markets-april-5-2012-2012-4#ixzz1rAG4DqXk
UPDATE: Scratch that optimism. European markets just fell across the board, moving into negative territory. Bond yields in Italy and Spain have begun to climb.
This development appeared to follow a French bond auction. According to Bloomberg's Linda Yueh, the country sold 8.439 billion in bondsnear the top end of its target range. Yields on ten-year bonds rose from 2.91 percent in March to 2.98 percent today. Yields on five-year issues also rose, but those on 15- and 30-year bonds fell.
Still to come at 7 AM EST is an important decision from the Bank of England, which will decide whether or not to continue quantitative easing as its current asset purchase program winds down.
Read more: http://www.businessinsider.com/morning-markets-april-5-2012-2012-4#ixzz1rAG4DqXk
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