News

• Big U.S companies smashed the all-time records for low coupons in Feb, borrowing money in the capital debt markets at the cheapest rates ever
• Fed's loose monetary policy has driven yields on Treasuries so low that even the most conservative investors are pulling their money out of T-bills and putting them in the next safest thing: high-quality investment-grade corporate bonds
• More than $97bn of investment-grade bonds were priced in February -- the highest total ever for the shortest month of the year

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AUSTRALIA BUILDING CAPEX F (Q4) ACTUAL ***** 0.9 PCT ****** (POLL 4.0 PCT) (PVS 17.1 PCT) The material has been provided by Instaforex Company - instaforex.com

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News

• Yields are expected to fall at Spain's 3.5-4.5 bln euros debt sale later onThursday
• ECB's latest huge injection of liquidity powers demand for its debt from banks
• France will also return to debt markets on Thursday when it aims to sell up to 8 billion euros of bonds

Quotes

"In light of the ECB auction and recent bond auction history, it would not be surprising if Spain issued well above the target range," said Peter Goves, strategist at Citi

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USD/JPY continues to rise after the recent completion of the Triangle chart pattern identified by Autochartist on the hourly charts. The overall Quality of this chart pattern is measured at the 7 bar level reflecting the strong Initial Trend (rated at the maximum 10 bar level), and average Uniformity and Clarity (both measured at the 5 bar level).

v US Q4 '11 GDP expanded at a 3% pace, faster than previously thought, and personal consumption jumped by 2.1%; v ECB extended a second round of 3-Yr loans this morning to more than 800 European banks amounting to EUR 530B; Ireland unexpectedly announced that it will put the region's fis...

China's Yuan rises to new high against USD Wednesday. The Chinese currency Renminbi (RMB), or the Yuan, rose to a new high against the USD Wednesday. It strengthened 42 basis points to stand at 6.2919 vs. the USD Wednesday, according to the China Foreign Exchange Trading System.