Tuesday, February 19, 2013

The Bond Auction Italy Not So Uplifting

Lelang Obligasi Italia Tidak Begitu Menggembirakan

Monexnews-Italy should accept a more expensive loan costs when selling over the rising political risk obligasinya ahead of the upcoming elections to February 24. Italy managed to get funds to € 3.45 billion when it sells bonds raised 3 years but with borrowing costs to reach 2.3%; This is higher than the previous auction of 1.85%. Meanwhile, the euro looks to gain momentum in the continuing difficulties the session in London. EUR/USD is traded now, try to stay away from 1.3480 high level daily 1.3518

The last survey showed the Democratic Party, led by Pier Luigi Bersani, is still superior to 6 points from his rival Silvio Berlusconi. However, Bersani still lack to form a majority in the Senate that the outcome will be determined by region. "Bersani will control Congress but the need to form an alliance with the party led by Prime Minister Mario Monti to can also control the Senate," said Wolfango Piccoli, Eurasia Group analyst. (fr)

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Title Post: The Bond Auction Italy Not So Uplifting
Rating: 100% based on 99998 ratings. 5 user reviews.
Author: Mohammad Zulfi Satriawan

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