I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Thursday 17 November 2011

Spanish, French Debt Auctions Disappoint; Yields Rise

By: CNBC.com with Reuters Twitter


The spread between French 10-year government bonds and their German equivalents rose to a fresh euro-era high of 200 basis points on Thursday on fears that the debt crisis engulfing the euro zone is spreading to its larger economies, with disappointing auctions of French and Spanish debt.

France offered 6 to 7 billion euros of Treasury notes (also called BTANs ) at an auction , with the 5-year French treasury bond's average yield reaching 2.82 percent on a 1.675 bid/cover ratio.

The Spanish/German 10-year yield spread rose 16 basis points on the day to 477 basis points, while the yield on its 10-year bond also hit the highest since the inception of the euro at 6.57 percent.

The French/German 10-year yield spread hit a euro-era high of 197 bps. Yields in a Spanish auction of 10-year bonds rose to an euro lifetime high of 6.975 percent and the country sold 3.56 billion euros ($4.8 billion) worth of debt. Credit default swaps on French and Spanish sovereign debt hit a record high on Thursday



No comments:

Post a Comment

Related Posts with Thumbnails