No LTRO means no luck for Spain in bond auctions anymore: a fresh bond auction hardly managed to cover the minimum predicted: only 2.59 billion euros out of a targeted 2.5 to 3.5 billion euros were covered.
In addition, yields were higher than previous similar auctions. This shows the distrust in Spain’s economy and weakens the euro.
Here are some yield numbers:
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/pain-in-spain-sends-euro-down-the-drain/"]Pain in Spain Sends Euro Down the Drain[/URL][/I][/B]
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