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Spanish Yields On the Rise

Yields on 10 year government bonds are on the rise again. They rose to 5.11% after falling on Friday under 5%. Spain’s bonds serve as a good gauge for investor confidence in the continent.

While Portugal hasn’t been “saved” yet, the EU / IMF fund still has money to handle Portugal. Spain is already too big to bail.

The ECB’s announcement about the size and character of bond buying is awaited, at 14:00 GMT.

The Euro is falling today. For technical levels and analysis, see the EUR/USD forecast.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.