西班牙求援不确定性推升避险资产魅力（Spains bailout uncertainty raises the charm of safe havens）.doc

西班牙求援不确定性推升避险资产魅力（Spains bailout uncertainty raises the charm of safe havens） Wednesday (September 26th) European market intraday, the U.S. dollar index refresh two week high of 79.90, there seems to be a return to the 80 mark momentum. Spains quest for full aid continues to plague the market, and a massive outbreak of protest action against austerity has erupted in the country, raising concerns about the situation in spain. In a few days, the Spanish Central Bank said in its monthly economic situation report: the third quarter of this year, available data show that, in the context of the high financial situation, GDP continued to decline significantly.. Spanish economy minister Guindos (Luis de Guindos) last Saturday (September 22nd) said that the Spanish economy is expected to shrink by about 0.4% in the third quarter of this year, the same as in the second quarter. Mariano Rajoy, Spains prime minister, said he was prepared to seek a new rescue package for troubled Spain, provided that the cost of debt financing was still too high and lasted too long. He says it can be guaranteed that 100% will seek assistance if this is the case. Spanish bond yields are continuing to climb, with 10 - year Treasury yields rising 12 basis points to 5.89% in the day, approaching an important 6% mark. Yields on the two-year Treasury note also rose 11 basis points to 3.34% in the day. Tuesday (September 25th) Spanish auction auction of 1 billion 399 million euros is unsatisfactory, 3 months of bonds, the highest rate of return from the previous 0.988% to 1.250%; the auction 2 billion 584 million euros 6 month treasury bonds, the highest rate of return from the previous 2.100 to 2.300%. Spain is now the centre of the latest crisis in the euro zone debt crisis, which needs to be cut by more than 60 billion euros over the next two years. The task is daunting for Spain, whose economy has shrunk. Spain will start regional liquidity funds this week and do not rule out pensions as a last res