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Monday, January 25, 2010

Euro Interest in Greek 5-Year Note Sale

Yay for the Euro!!!

The euro made gain on Monday on reports of strong interest in a proposed Greek 5-year note sale. Greece was able to raise 5 billion euros in the first 30 minutes of selling and a total of 9 billion euros in sale. Focus will remain on the PIIGS countries (Portugal, Italy, Ireland, Greece Spain) in the day ahead with Portugal set to deliver its budget on Tuesday.

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