Portugal manages to raise 1bn euros but forced to pay more than Ireland was before the bailout. They're paying yields of 5.1% and 5.9% to borrow money for six and 12 months.
Published News » market
Portugal pays higher rate to raise 1bn euros
Posted by alanwellspun (#1) 305 days ago (http://www.bbc.co.uk)Sterling struggles to shake off GDP shock
Posted by crikey (#1) 375 days ago (http://uk.reuters.com)
Sterling long positions cut due to comments by Mervyn King who said inflation surge due to one-off. The minutes also noted that the pattern of subdued money and credit growth in the UK may reflect...
'Fat Finger' Error Spooks Treasuries
Posted by crikey (#1) 381 days ago (http://online.wsj.com)
Trader does a fat finger and offers $6 million in 10-year but enters $6 billion instead! Although it was spotted a few market jitters ensued although Normal selling resumed quickly.
Europe Default - Insurance Costs Rise - MarketBeat - WSJ
Posted by dandare (#1) 390 days ago (http://blogs.wsj.com)
Fears over Portugal caused the cost of insuring European sovereign debt against default to rise to a new high. Portugal, Spain and Greece are all issuing bonds this week.
According to the article Germany and France are urging Portugal to use the protection of Europe’s new bailout facility as they think Portugal could get the cold shoulder from the capital markets.
According to the article Germany and France are urging Portugal to use the protection of Europe’s new bailout facility as they think Portugal could get the cold shoulder from the capital markets.
John Hussman: We Are Selling Off Our Children's Future -- Seeking Alpha
Posted by crikey (#1) 1041 days ago (http://seekingalpha.com)
Make no mistake - we are selling off our future and the future of our children to prevent the bondholders of U.S. financial corporations from taking
Bank of England may use quantitative easing this week
Posted by crikey (#1) 1069 days ago (http://uk.reuters.com)
Bank of England could start quantitative easing by buying assets with newly created money to boost the money supply and the economy, Chancellor Alist
Kanjorski says US 3 hours from complete economic collapse due to run on money market funds. Fed didn't have enough money to buy toxic assets
Lehman Sees $3.9 Billion Loss and Plans to Shed Assets - NYTimes.com
Posted by crikey (#1) 1243 days ago (http://www.nytimes.com)
Expected losses of $3.9 billion, or $5.92 a share, in the third quarter after $5.6 billion in write-downs. Now selling best assets to raise capital.
Credit crash is a social news site for the credit markets.