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Market Pulse: German bond auction fails

Wednesday, April 11, 2012 - 03:43

April 11 - Berlin sells €3.87 billion in bonds at auction, but the sale is a technical failure. The pressure on Spanish assets remains intense, and attention turns to Italy's bond auction on Thursday.

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Some -- -- European markets today after yesterday's comments. -- sometimes those lead to a rebound in stocks. But Germany's bond auction as a technical fail under pressure on -- its markets the means and tanks this is today's market pulse. Well let's get straight to those bond markets and join my Bible to bonds correspondent. We'll James will get to see you again -- the convulsion was technical failure on that the UK also having to option which drew I'm somewhat weak demand. How concerned should we be. And I think he's the only consent I mean at the end of the day they're still selling that I was still able to sell that record low yields to hegemony. What it tells is really is that said the market and push today incidentally to some investors now -- Apple's second thoughts on those particular levels for the night no question -- Jamaica violence itself energy metals would just be clear. We talk a technical failure but the German government. Bullets at a record when you counsel you can use that I've seen it yet -- everything -- it tonight that nationals just amount given name Euro zone crisis it's. And I -- -- -- 101520 minutes after the all to know some pretty heavy sailing. What what what does that tell us. And I think -- -- that is the -- I -- do -- say it was it wasn't wasn't a great result on Paper fit for some level that brings back memories of the north of the previous -- in November last year. Which was very -- much weakened this one. It's shortly after that yields show back up about 2% of the I think that's going to be the case here as a mentions those of consents to -- -- -- amendment that says okay people's interest this happens I'm thrilled to selling you told by you to test them on one point some -- yes exactly it's not high talk. You mentioned spin this -- very much in the fighting land still. I don't see this ultimate -- and bond yields that 6%. Is a good news is there. And this -- it's been awful lot we have to industrial output that to today which was focused reportedly can actually Cameron and that we -- And the trade as we talked to really have much. Much alive positive things to say. It took Iraq hedge funds that and to get -- now. Those are already I shouldn't have those positions on the next united news any any kind of rebound but we've seen today stepped -- to today's event. Course history tells us that whenever the markets position one way and -- -- to -- -- the tanks and gold also better yet maybe it is but -- -- -- -- but that's okay finally actually I'm borrowing cost schools today. T bill sale on slaughterhouse five billion euros of bonds -- Ralston. What can we expect them. Yeah I mean as a state it's in the -- both. But if you sit down on the day I think we can see that excess thoughts come back up this week as we get into afternoon session on its investors that's -- -- the bonds up into the sale. Hopefully follow through to tomorrow morning but they'll get sent away. The -- strong primary data network machine already that can do that. The key really is how the bonds perform after the sale and whether investors -- ultimately option system can't hang onto them. So those weapons -- the most sophisticated image will thank them. That was it responds correspondent Willie James well on the bright side today European stocks up almost 1% on financial is up are up two and a half a cent. That's all promoted to join us each week day be a market market pulse a look at what's moving on financial markets and why. Also on the inside a platform. Gold is headed back up to what 2000 dollars and items but when we'll get there we hear from Philip conflict of Thompson Mike says GF and -- saudis. I'm Jamie give them this is Reuters.

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Market Pulse: German bond auction fails

Wednesday, April 11, 2012 - 03:43