The Spanish sovereign sold a total of €4.614B – above the targeted €4.5B - of 3 (€1.637B), 4 (€1.464B) and 10-year (€1.513B) bonds at lower yields, averaging at 3.227% (from 3.676%) for 2015, at 3.977% (from 4.603%) for 2016, and 5.458% (from 5.666%) for 2022.
Der Spiegel has reported that the next aid tranche for Greece has already been decided: a €130B loan by the end of November. Officially, Germany is still waiting for the new Troika report. At the moment of writing, the EUR/USD is falling from its highs, approaching the 1.3100 mark.
“EUR/USD continued to chart solid gains yesterday and looks set to challenge the 1.3173/80 resistance”, wrote Commerzbank analyst Karen Jones. Windsor Brokers analyst Slobodan Drvenica is cautious: “Further hesitation is not ruled out, as the pair already underwent corrective easing from 1.3138 that was contained at 1.3100 zone for now and deeper dips would risk extension towards 1.3000/1.2975, approx 50% of entire rally”.