Traders Are at Odds With ECB and BOE on How Far Rates Will Rise

Traders are increasingly diverging from central bankers on the outlook for interest-rate hikes in Europe.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Result of Yield/ Price Based Auction of State Government Securities

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Arunachal Pradesh 600 600 7.94 20 2.

Arunachal Pradesh fully raised ₹600 crore in yield/price based auction
Bihar successfully met its ₹1000 crore target in the auction
Total auction raised ₹34645.055 crore against ₹35900 crore demand

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Euro remains depressed as Eurozone sentiment and trade data fail to inspire

The Euro (EUR) remains on the defensive against the US Dollar (USD) as investors brace for the first interest rate hike by the US Federal Reserve (Fed) after three years.

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