Spain debt costs fall, but still seen unsustainable

MADRID - Spain’s borrowing costs dropped on Tuesday, at the first sale of debt since the government announced a new austerity package, but not enough to suggest markets believe the country’s finances are on a sustainable path.


India eyes easing debt loads of state power distributors

India on Tuesday said it is eyeing a bailout for state electricity distributors saddled with 1.9 trillion rupees ($34.5 billion) in debt and increasingly unable to pay for new supplies as they sell power below cost and lose much to theft.

New rule on banks’ liquid assets issued

Banks in the UAE will have to hold 10 per cent of their liabilities in liquid assets starting next year in line with a new measure introduced by the country’s Central Bank to ensure lenders keep sufficient liquid assets until Basel III comes into effect in January of 2015.

Italy’s one-year debt costs fall sharply at auction

LONDON - Italy’s one-year borrowing costs fell by more than a percentage point from a month ago, to 2.697 percent at auction on Thursday, as large redemptions and lower rates on overnight deposits at the ECB supported demand for short-term paper.

German yields hit record lows at 10-yr bond sale

BERLIN/LONDON - Germany’s cost of borrowing over 10 years fell to a record low at an auction on Wednesday as investors, worried about the euro zone rescue fund’s effectiveness as a crisis-fighting tool, sought the safety of Berlin’s debt despite negligible returns.

Bonds dip ahead of 3-year note auction

NEW YORK - US government debt prices dipped on Tuesday as traders reduced their bond holdings in preparation for an upcoming $32 billion auction of three-year notes.