The rate banks say they pay for three-month loans in euros may rise today, according to Credit Agricole Corporate & Investment Bank.
Spanish government bonds rose along with the securities of Europe’s most indebted nations as the euro area reported a trade surplus for November and Portuguese borrowing costs declined at a debt sale.
The rate banks say they pay for three-month loans in dollars rose above 0.5 percent for the first time in 10 months amid concern that the creditworthiness of financial institutions is deteriorating.
German two-year notes fell after a report showed consumer confidence in the nation will rise next month as economic growth accelerated and unemployment dropped.
"It is evidence that the ECB may be acknowledging that the current measures are insufficient."
- Peter Chatwell on Oct 21, 2014
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