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Spain’s Auction Bond Shows Contagion Signs

Spanish Bond auction today saw yields rising. For three month notes, the rate is 1.743%, higher than 0.951% on October 26th. For 6 month notes the yield was 2.111% instead of 1.285% last time. The 3.25 billion euros raised also fell short of the maximum. See more on Bloomberg.

The Irish crisis erupted when investors fled Irish bonds and the yields skyrocketed. We’re not there yet, but these numbers show that fear is growing. Spain may be too big to bail.

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.