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Yields of Spain on the Rise Again

After we’ve seen that Trichet’s bond buying was rather limited, bond yields are on the rise again. Spanish ten year notes now have a yield of 5.26%, rising from 5.15%. On Friday they were under 5%.

There is high tension towards the Irish budget vote due later in the day. The budget is expected to pass, and this will probably send yields down and the Euro up. But nothing is certain.

In forex online trade,  EUR/USD is now at 1.3366, between 1.3334 and 1.3440, which is a strong line of resistance. See a full outlook and technical analysis of the common currency in the EUR to USD analysis.

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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.