CAR INSURANCE Spain's Successful Bond Auction

Monexnews-Spain managed to get funds € 803 million when it sells bonds. Although the Government does not set a target but this time quite successful auctions with the amount earned is quite high considering the amount is higher than the average of similar auctions are getting € 500 million. Investor interest is quite high and borrowing costs are also reduced as there is still the belief that Madrid could address the problem of budget deficits and the size of government debt. Investors also dare not rashly with ECB intervention program that will enable the bond market if there is a country that is requested. CAR INSURANCE
Yield Bonds raised 15 years reached 5,453% lower than the previous auction 5,893%. Investor interest was also high enough if viewed from the ratio of the bid-to-cover that reaches 1.5; better than the previous auction 2.1. Meanwhile, the euro strengthened in the New York session. EUR/USD is traded now, away from the low level 1.2965 daily 1.2910 (fr)


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Italy Euro Relief Bonds Auction

Monexnews-the Euro rose against the U.s. Dollar is traded for the first time in five sessions last following the on demand bond auction solidnya Italy, despite the potential for prolonged political ketidapastian it still has risks for the single currency. The Euro also drew encouragement from the 2nd day of testimony for the Chairman of the U.S. Federal Reserve Ben Bernanke, which expresses its support to the loose monetary policies of the central bank.

"Events that occurred during the last few days have reminded the market that the Euro zone is still overshadowed by the large uncertainty in terms of economic growth and the prospect of reform," said Camilla Sutton, head of universal currency at Scotiabank in Toronto. "Technical and fundamental Signals still indicate a further decline in the Euro, especially with an election result that Italy has made a settlement of the crisis in Europe is becoming more complicated." (vid)

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The Nikkei Rebounded After The Bond Auction Italy

Monexnews-Japan Stock Exchange Index rebounded from the weakening of the movement for 2 days, this Thursday after the bond auction that Italy does dampen fears of recession risk return opportunities in Europe and the U.S. data that shows the economy is improving.

The Nikkei rose as much as 1.3 percent to 11, after slumping as much as 395.16 3.5% in the 2 previous session, while the Topix index gained 1.1% to 964.29.

(AR)

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The Bond Auction Italy Not So Uplifting

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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