Yuriy Ukazkin
Forex news, Euro rate. In Spain the yield of two-year old government bonds has dropped to the five-month minimum as soon as they were sold at yesterday auction. French and Belgian bonds have got more expensive, whereas German and Holland bonds have got cheaper, as some investors are still concerned about the fact that European debt crisis will get worse.
This, in its turn, keeps the demand for secure assets:
- yield of Spanish government bonds has dropped by 52 basic points, or by 0.52%, to 3.13%.
- Italian government bonds have dropped by 48 basic points to 5.06%;
The current difference between two- and ten-year old bonds has reached 22 basic points when there are speculations that ECB si starting its long-term operation on refinancing.
As explained by the Department of Volume Analysis at , the situation with Euro future is the following:
- weekly volume 1.3018 has been traded up, having become a strong support, which, though, has not yet been expected by the change of daily volumes. At the same time, resistance has been provided by local Tuesday volume of 1.3088.
Yuriy Ukazkin
