ECB boost for periphery but Ico’s dollar return slightly under sold

By Craig McGlashan
27 Mar 2014

The rally in eurozone periphery debt since the start of the year received another injection of investor demand this week, after the Bundesbank’s president hinted that the German central bank would not block quantitative easing if the European Central Bank chose to introduce it.

Italy could near its 10 year yield record at an auction on Friday, thanks in part to positive sentiment from the news. But elsewhere in the periphery, Instituto de Crédito Oficial failed to fully place a $500m two year club deal on Tuesday — although the issuer was ...

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