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スペインの株式市場は2'67%上昇し、スペインの10年満期国債(国家債券)の金利は7'158%ー7'038%に
La Bolsa sube un 2,67% y la prima baja tras el alivio de la subasta de letras
El Ibex termina la sesión en 6.693,9 puntos tras un alza del 2,67%
El tipo de la deuda pública a 10 años cede pero se mantiene por encima del 7%
The Stock Exchange up 2.67% and the low premium relief after the auction of letters
The Dow ended the session at 6693.9 points after rising 2.67%
The type of government bond yields 10 years but remains above 7%
Market trends in real time
Lafont Isabel Madrid 19 JUN 2012 - 18:10 CET
The Dow ended the session at 6693.9 points after rising 2.67%
The type of government bond yields 10 years but remains above 7%
Market trends in real time
Lafont Isabel Madrid 19 JUN 2012 - 18:10 CET
The markets have experienced an exceptional day without stress, overcome once an auction of treasury bills Spanish in reasonable comfort, despite higher funding to 12 and 18 months. Moreover, the growing expectation that major central banks are preparing measures of liquidity, has bellows to rising stock market and an alibi for the risk premium on sovereign debt (excess return required in the secondary market to bonds due in 2022 about the German) to relax after reaching new highs yesterday.
After a relatively calm opening, this differential has increased to 579 points prior to the issuance of letters, to go relax after receipt of the result thereof to a daily minimum of 549 points. At the end of the day stood at 550. The rate of the 10-year bond remains at critical levels, but finished the day at 7.038% after starting in the 7.158%.
The Spanish stock market opened with a slight rise of 0.5% but has fallen slightly in the red before the auction of letters to rebound after up to 3.02%, the highest climb of the day. At the close, the Dow marked 6,693.9 points, representing a rise of 2.67% compared to its yesterday's close.
The Treasury has placed 2,400 million a year with a marginal interest rate of 5.20%, the highest since last November, and investors have requested 2.16 times more titles that finally sold. A month ago she had only to pay an interest rate of 3.09% to overcome the doubts of the market. At 18 months have put 639 million euros to 5.35%, a level not paid since 1997, although demand has exceeded supply by 4.42 times. Just two weeks was enough to compensate this term with a 3.40% to achieve objectives.
After placement of short-term securities today, the next milestone of the week will come on Thursday when securities are issued to two, three and five years.
The European markets have welcomed the smooth coverage of the auction of letters in Spain and am waiting for the conclusion of the two-day meeting of the Open Market Committee Federal Reserve, the body responsible for U.S. monetary policy, with the expectation that tomorrow will announce new measures to stimulate lending.
Also in Europe, various data feeds the expectation of further injections of liquidity by the European Central Bank (ECB) and Bank of England. In Germany, investor confidence fell more than expected in June. The ZEW index of investor and analyst expectations, predictor of evolution that can track the economy six months ahead, fell to -16.9 versus 10.8 in May. In the UK, inflation in May stood at 2.8%, which represents the smallest annual increase of consumer prices in two years.
London has closed with a gain of 1.73%, 1.84% Frankfurt, Paris and Milan 1.69% 3.35%. Across the Atlantic, the main indicators of the U.S. markets also rose: the Dow Jones 0.98%, the Standard & Poor's 1.06% and the Nasdaq 1.27%.
Yesterday, the risk premium, measured differential perception that markets have the creditworthiness of Spain, broke its previous record by playing 589 basis points and the interest rate that investors demand to 10-year bonds on the market side reached an alarming 7.28%.
Greece asked for his first save (May 2010) when he came to 8.5%, the same level as Portugal in April 2011. However, Ireland was enough to touch 8.1% (November 2010) to seek international assistance.
The Spanish banking rescue has become a kind of Gordian knot, and the sword that can cut is in the hands of a reluctant Germany to make concessions that depart from the established mechanisms. The question now is how to break the pernicious link between country risk and bank risk and therefore has asked Spain, and it has transmitted Mariano Rajoy during the G-20 which ends today in Los Cabos (Mexico) that the loan of 100,000 million committed to be channeled directly to the entities. This would prevent computase as public debt, which shoot up to 90% debt ratio to GDP planned for end of year (the Budget and established a ratio of 80% before the application for aid for banks) .
According to a draft statement that the G-20 will broadcast later, the members of this group to "take all measures to ensure the integrity and stability of the area, improve financial markets and break the feedback loop that sovereign debt and banking ".
After a relatively calm opening, this differential has increased to 579 points prior to the issuance of letters, to go relax after receipt of the result thereof to a daily minimum of 549 points. At the end of the day stood at 550. The rate of the 10-year bond remains at critical levels, but finished the day at 7.038% after starting in the 7.158%.
The Spanish stock market opened with a slight rise of 0.5% but has fallen slightly in the red before the auction of letters to rebound after up to 3.02%, the highest climb of the day. At the close, the Dow marked 6,693.9 points, representing a rise of 2.67% compared to its yesterday's close.
The Treasury has placed 2,400 million a year with a marginal interest rate of 5.20%, the highest since last November, and investors have requested 2.16 times more titles that finally sold. A month ago she had only to pay an interest rate of 3.09% to overcome the doubts of the market. At 18 months have put 639 million euros to 5.35%, a level not paid since 1997, although demand has exceeded supply by 4.42 times. Just two weeks was enough to compensate this term with a 3.40% to achieve objectives.
After placement of short-term securities today, the next milestone of the week will come on Thursday when securities are issued to two, three and five years.
The European markets have welcomed the smooth coverage of the auction of letters in Spain and am waiting for the conclusion of the two-day meeting of the Open Market Committee Federal Reserve, the body responsible for U.S. monetary policy, with the expectation that tomorrow will announce new measures to stimulate lending.
Also in Europe, various data feeds the expectation of further injections of liquidity by the European Central Bank (ECB) and Bank of England. In Germany, investor confidence fell more than expected in June. The ZEW index of investor and analyst expectations, predictor of evolution that can track the economy six months ahead, fell to -16.9 versus 10.8 in May. In the UK, inflation in May stood at 2.8%, which represents the smallest annual increase of consumer prices in two years.
London has closed with a gain of 1.73%, 1.84% Frankfurt, Paris and Milan 1.69% 3.35%. Across the Atlantic, the main indicators of the U.S. markets also rose: the Dow Jones 0.98%, the Standard & Poor's 1.06% and the Nasdaq 1.27%.
Yesterday, the risk premium, measured differential perception that markets have the creditworthiness of Spain, broke its previous record by playing 589 basis points and the interest rate that investors demand to 10-year bonds on the market side reached an alarming 7.28%.
Greece asked for his first save (May 2010) when he came to 8.5%, the same level as Portugal in April 2011. However, Ireland was enough to touch 8.1% (November 2010) to seek international assistance.
The Spanish banking rescue has become a kind of Gordian knot, and the sword that can cut is in the hands of a reluctant Germany to make concessions that depart from the established mechanisms. The question now is how to break the pernicious link between country risk and bank risk and therefore has asked Spain, and it has transmitted Mariano Rajoy during the G-20 which ends today in Los Cabos (Mexico) that the loan of 100,000 million committed to be channeled directly to the entities. This would prevent computase as public debt, which shoot up to 90% debt ratio to GDP planned for end of year (the Budget and established a ratio of 80% before the application for aid for banks) .
According to a draft statement that the G-20 will broadcast later, the members of this group to "take all measures to ensure the integrity and stability of the area, improve financial markets and break the feedback loop that sovereign debt and banking ".
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