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China’s Premier Wen Jiabao says the economic rebound is not yet stable and economic “hardship” may continue for a period of time: Xinhua

China’s Premier Wen Jiabao warned the momentum for a recovery in economic growth isn’t yet in place and that “difficulties” may persist for a while, the official Xinhua News Agency reported.

Even so, the current pace of economic expansion is within the targeted range and government measures to stabilize growth are “bearing fruit,” the premier said during an inspection tour in southwest Sichuan province, according to a Chinese- language report from [...]

Spain’s borrowing costs again soar as the government auctions €3.08B in short-term bills, which was above its target of €2B-€3B.

The Treasury sold €1.6B of 3-month paper at a yield of 2.36%, up from 0.85% in May, while the bid-to-cover ratio fell to 2.6 from 4. Spain also auctioned €1.48B of 6-month bills with a yield of 3.24% vs. 1.74% and a bid-to-cover ratio of 2.8 vs. 4.3.

via Marketwatch:

Spain saw short-term borrowing costs jump sharply Tuesday as it auctioned 3.08 billion euros ($3.85 billion) of three- and six-month bills. The [...]

Ignore the Rumors… Central Banks Are Pulling Back… Guess What Comes Next?

by Phoenix Capital Research

Talk of QE and rumors of coming Central Bank Intervention pushed stocks and Gold higher on Monday. It’s odd to hear these rumors when every major Central Bank has in fact been clearly stating NO new stimulus is coming any time soon.

Indeed, as the Fed has proved now for eight consecutive FOMC meetings, it is not going to announce more QE unless another systemic Crisis erupts. Instead [...]

Spain auctions $3.3 billion in mid-term debt, yields sharply higher

MADRID — Spain managed to beat its targets for an auction of medium-term debt, but at sharply higher interest rates, in its first bond sale since its credit rating was downgraded over fears that it may seek a bailout.

The Treasury sold €2.52 billion ($3.3 billion) in 3- and 5-year bonds Thursday. It had set a target range of €1.5 billion to [...]

Spanish and Italian bond yields soar as their economies collapse:

LONDON (ShareCast) – – Miners lead fallers as commodity prices fall – ECB keeps rates on hold, Fed quashes QE3 hopes – Spanish, Italian yields soar No stocks finished in positive territory on Wednesday as Eurozone concerns and fading hopes of additional stimulus in the US fuelled a mass sell-off. The Footsie managed to finish just above 5,700, a level which it has not closed under since late January. Investors [...]

InvestmentWatch

China’s Premier Wen Jiabao says the economic rebound is not yet stable and economic “hardship” may continue for a period of time: Xinhua

Spain’s borrowing costs again soar as the government auctions €3.08B in short-term bills, which was above its target of €2B-€3B.

Ignore the Rumors… Central Banks Are Pulling Back… Guess What Comes Next?

Spain auctions $3.3 billion in mid-term debt, yields sharply higher

Spanish and Italian bond yields soar as their economies collapse:

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