Italy had a very successful bond auction: it paid an average yield of 4.92% for 10 year bonds. This is lower than the previous auction that saw 5.24% and the best since May 30th 2011, when the euro-zone’s third largest economy paid only 4.73%. EUR/USD is on the rise within the range, but is limited by resistance. Italy raised 3 billion euros in the 2022 BTP, paying an average yield of 4.92% and enjoying a bid to cover rate of 1.42, better than 1.33 seen in the previous auction. It also raised 5 year bonds (2017 BTP) for 3.80% in yield, down from 4.09% last time. Also here, the cover rate was better than last time. This successful auction comes despite Berlusconi’s threats to topple Mario Monti’s government and despite the uncertainty around a Spanish bailout request – which could prevent an Italian one. It also comes despite worsening economic conditions in Europe and no result in negotiations with Greece. EUR/USD is now trading at 1.2950, after trying to break above 1.2960 unsuccessfully. For more lines, 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next USD/CAD: Trading the Canadian GDP Oct 2012 Kenny Fisher 11 years Italy had a very successful bond auction: it paid an average yield of 4.92% for 10 year bonds. This is lower than the previous auction that saw 5.24% and the best since May 30th 2011, when the euro-zone's third largest economy paid only 4.73%. EUR/USD is on the rise within the range, but is limited by resistance. Italy raised 3 billion euros in the 2022 BTP, paying an average yield of 4.92% and enjoying a bid to cover rate of 1.42, better than 1.33 seen in the previous auction. It also raised 5 year bonds (2017 BTP) for 3.80% in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
