European Yields Higher, Sustaining Market Worries

Wall Street and commodities closed higher. However, it's the weakness in financial markets in Asian session today that reflects market sentiment towards the deteriorated situation in the Eurozone. Yield spreads widened significantly in a number of European countries including France. Auction of Spanish and Belgian bonds missed expectations and dataflow in the region continued the dismal tone. It's the relatively solid US economic data that held up the market on Tuesday.

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European Yields Higher, Sustaining Market Worries