European Central Bank: Reuters Borrowing costs for some of the euro zones most highly indebted southern states shot higher on Thursday, as fears of slowing global economic growth wounded confidence that the European Central Bank could avert another debt crisis in the bloc, according to Euro News. With stocks volatile and oil prices plunging, investors sought refuge in safe-haven German bonds, pushing yields on the euro zone benchmark to record lows and By John Geddie Greek government bonds were the hardest hit as a sell-off gripped financial markets for a second day, with 10-year yields rising to nearly 9 percent, while Spain missed its target at a bond auction due to weak demand from investors.
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