Markets Are Up In Europe
Mar 7, 2013, 15:26 IST
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England's FTSE 100 is up 0.2 percent.
France's CAC 40 is up 0.5 percent.
Germany's DAX is up 0.2 percent.
Spain's IBEX 35 is up 0.6 percent.
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Italy's FTSE MIB is up 0.2 percent.
Spain just completed a debt auction, which went smoothly. The government sold 5 year bonds at a yield of 3.612 percent, which was less than the 4.169 percent yield at a similar auction last month. They also sold 10 year bonds at a yield of 4.957, down from 5.222 percent last month.
Later this morning, the European Central Bank and the Bank of England announce updates to their monetary policies. Economists expect both central banks to keep rates unchanged.