Happy Dayz, onwards and upwards…… Elsewhere, ECB funding to Greek banks at 90.4 bln end-Feb from 94.4 bln end-Jan. I guess that’s an improvement.
3 month bid to cover ratio 4.4 vs previous 4.3 6 month bid to cover ratio 7.1 vs previous 7.7 3 month average yield 1.371% vs previous 0.899% 6-month average yield 1.867% vs prevous 1.361% That’ll do.
China’s Ministry of Finance said Thursday that China is in talks to invest in Spain, including in the reorganization of troubled Spanish savings banks. Comments confirm those that have been coming out of Spain recently.
Bid to cover ratio 2021 bond 2.1, up from previous 1.8 Bid to cover ratio 2024 bond 2.3 Average yield 2021 bond 5.472%, up from previous 5.162% at last auction on March 17 Average yield 2024 bond 5.667% Top end … Continue reading
12-month bid to cover ratio 1.6, down from previous 2.4 18-month bid to cover ratio 2.0, down from previous 3.5 Middle of indicative range of 4.5-5.5 bln 12-month average yield 2.770%, up from previous 2.128% 18-month average yield 3.364%, up … Continue reading
Fall 4.6% from a year earlier.
11 bps wider on day. EUR/USD unchanged from when I got in, presently at 1.4470. Early Eastern European buying helped lend support, but momentum so far lacking to push on through 1.4500 and threaten barriers up at 1.4530 and 1.4550.
Ummm, all rather nebulus (cloudy)
The news seems to have been shrugged of by the market, as EUR/USD moves back to 1.4500.