Differential under UK Gilts. Two billion of savings accounts in the country.
TREASURY
Continues ‘Draghi effect’ on Italian government bonds with investors still in the hunt of BTP.
So the spread between the ten-year Treasury and German Bund closed down 147 basis points, marking the lowest level since June 18, with the rate falling to new historic low of 2.41%. And the differential Italian is even lower than that of the British ten-year bonds (gilts) and the Bund which marks 151 basis points, with a rate at 2.44%. Ie Rome in the secondary market on the 10-year maturity pays less in London.
SOLD 3 BILLION OF CTZ. According to analysts, the government should save this year at least two billion euro in interest on the debt than the 2013 words of the president of the ECB, which has said it is ready to launch new emergency measures against the specter of deflation in the eurozone, had the desired effect even on the first auction of the week with Treasury yields swoop. Via XX Settembre has sold all 3 billion euro of Ctz to two years in the face of a demand of 4.27 billion, falling interest rates at a record low of 0.326% from 0.428% of the operating rod of July. On August 27 is replicated with an emission of Bot to six months for a maximum amount of 7.5 billion, while 28 will be the turn of BTP at 5 and 10 years and CCTeus for a total of 8 billion. Well sitting on the stock markets with the stock exchanges of the Old Continent rising for the second consecutive day today also supported by better than expected signals on the economy Usa.
TRUST TO HIGHEST SINCE 2007. The confidence of American consumers is indeed rising to the highest since October 2007, while orders for durable goods registered a record increase of 22.6% on the back of a boom in demand for aircraft. Milan is once again pink jersey with an increase of 1.33%, and 1.28% salt Madrid, Paris, France 1.18%, 0.82% Frankfurt and London of 0.70%. In Milan have highlighted World Duty Free (+ 5.43%), Espresso (+ 5.48%) and Autogrill (+ 4.61%). Male Telecom with a decline of 0.71%. The foreign exchange market is the euro under $ 1.32, falling to 1.3168 and then to the lowest level since September 2013 against the greenback.
Tuesday, August 26, 2014 © ALL RIGHTS RESERVED
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