Quote:
Originally Posted by Raghav
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Yes, definitely.
Italy will also be auctioning
4.75 billion Euros worth of bonds tomorrow (primarily 3 year bonds).
If that auction is successful too, we may see another rally in stocks.
Today, Italy sold short-term bonds worth
12 billion Euros.
Quote:
Italy, which faces a bigger test on Friday, saw one-year borrowing costs fall sharply as it sold €8.5 billion of 12-month Treasury bills. The yield fell to 2.73% compared to 5.95% at a December auction.
The Treasury also sold €3.5 billion of flexible T-bills with a maturity of around five months at a yield of 1.64%, down from 3.25% at a six-month auction at the end of December.
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Spain, Italy borrowing costs fall at debt auctions - Market Extra - MarketWatch