U.S. yields up after Spanish auction tempers safety bid |
| Reuters - Apr 17, 2012 |
U.S. Treasuries prices slipped on Tuesday, bringing the benchmark 10-year yield to 2 percent after a better-than-expected bid for a Spanish
short-term debt auction tempered the safe-haven bid for U.S.
government debt.
U.S. Treasuries gained on Monday as the euro zone crisis seemed to heat up again and the European Central Bank looked unlikely to offer any quick relief.
With the ECB focused on fiscal discipline, sovereign debt and financial strains in the euro zone will likely to be a long-term player on the stage of market concerns, sometimes playing a main role and sometimes a more peripheral one.
"European sovereign issues are once again taking center stage as summer approaches and fixed-income and equity markets are reacting to that," said Carl Riccadonna, senior U.S. economist and director at Deutsche Bank Securities in New York.
"The question on investors' minds seems to be: 'Is Spain next?'"
Read Full Article from Reuters
- Posted: 2012-04-17 09:23:56
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