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Bond market gives euro zone brief respite

From theglobeandmail.com

Europe won some further modest respite from its raging debt crisis Wednesday as Germany and Portugal became the latest euro zone countries to borrow with relative ease. Both countries saw their borrowing costs ease in the auctions, in a further sign that investors may have temporarily put some of their concerns over Europe's debt crisis to one side at the start of the new year. Italy and the Netherlands have also managed to sell their debt over the past week or so in a fairly trouble-free manner. Germany, the biggest contributor in Europe's bailouts, managed to sell €4.06-billion ($5.3-billion U.S.) in its benchmark ... (full story)

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