BackECB steps in again as bond yields surge
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16 Nov 2011, 11:10 PM IST
ECB steps in again as bond yields surge
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London: The European Central Bank on Wednesday returned to the government debt markets to buy bonds issued by Italy, Spain and Portugal, a foray that so far has failed to arrest a sharp surge in yields for the second straight day.
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Greece, Portugal, and Ireland were forced to seek external assistance after yields on their bonds breached and remained above that 7% level.
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Published: 16 Nov 2011, 11:10 PM IST
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