男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Spain short-term debt costs jump after Italy cut

Updated: 2011-09-20 22:52

(Agencies)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

MADRID - Spain's borrowing costs jumped at auctions of its short-term debt on Tuesday, compared with sales in August, hitting their highest in around three years.

The Treasury managed to hit the top of its 3.5-4.5 billion euro target for its 12- and 18-month treasury bills and attract reasonable demand. It paid yields of around 20 basis points more on both issues.

Spain's and Italy have been supported by the European Central Bank's(ECB) intervention since early August to buy bonds already circulating in the secondary market.

ECB President Jean-Claude Trichet urged Spain in a newspaper interview to continue reinforcing measures to return the country to sustainable growth even if progress had been made.

But the ECB's purchases have not shaken off concerns that a debt crisis can be fully contained, and Standard & Poor's downgrade of Italy's credit rating one notch to A on Tuesday heightened the gloom and sent both Italian and Spanish bond yields higher.

That did not help Tuesday's auction, said analysts.

"Spanish debt has been under pressure. But it's a pretty decent auction which has let the Treasury sell close to the top of its target in difficult circumstances," said Orlando Green, strategist at Credit Agricole.

The average yield on the 12-month bill was 3.591 percent, compared with 3.335 percent last month, and it was 3.807 percent on the longer dated paper, up from 3.592 percent in August. They were the highest levels since 2008 and 2007 respectively.

Last August Spain paid 1.836 and 2.078 percent to finance the same maturities.

The worsening borrowing conditions showed Spain still has some way to go to assure markets that the crisis won't spread further.

Trichet said Spain's financial situation had improved considerably but more must be done.

"Spain must continue to give special focus to resolutely applying new structural reforms with the aim of getting the highest possible potential growth, improving its productivity and thus restoring investor confidence," he said in an interview published on Tuesday in Expansion newspaper.

Spain has introduced new labour laws which make it easier to hire and fire workers and restrict wage growth. It has also overhauled its banking sector, forcing unlisted savings banks to seek private capital or face nationalisation.  

($1=.7317 Euro)

主站蜘蛛池模板: 渝北区| 察雅县| 中西区| 广河县| 黑龙江省| 綦江县| 樟树市| 贵港市| 犍为县| 酒泉市| 虹口区| 长武县| 宁城县| 古蔺县| 贵阳市| 阳泉市| 封开县| 桃江县| 嘉善县| 沂南县| 霍林郭勒市| 资讯 | 永宁县| 汉沽区| 莒南县| 铁力市| 青冈县| 刚察县| 登封市| 景宁| 绥江县| 台南县| 鹤壁市| 天长市| 阿城市| 济南市| 郴州市| 衡阳市| 正安县| 曲阜市| 赤水市| 万安县| 中宁县| 三亚市| 布尔津县| 神木县| 阿克苏市| 乐山市| 前郭尔| 麻栗坡县| 亳州市| 东阿县| 勃利县| 克东县| 湾仔区| 泰安市| 巴楚县| 达州市| 运城市| 叙永县| 本溪市| 三台县| 遂宁市| 永丰县| 小金县| 岚皋县| 子洲县| 江陵县| 保靖县| 淮南市| 阜阳市| 五河县| 西和县| 偃师市| 长子县| 稻城县| 嘉定区| 裕民县| 石家庄市| 安达市| 射阳县| 长岭县|