S&P 500
7,550.10
+0.00%
Dow Jones
52,556.20
+0.08%
Nasdaq 100
29,681.40
-0.23%
Russell 2000
2,968.66
-0.74%
FTSE 100
10,502.60
+0.22%
Nikkei 225
68,714.70
-0.46%

Investing

Rare Save… A Positive Bond Auction In Italy (EWI)

Photo of Jon C. Ogg
By Jon C. Ogg Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

A bond auction in Italy may actually be some good news for the markets on this Friday the 13th.  Italy’s bond auction came off with yields under 5% for this year’s first real bond auction.  Now the hope is going to be that the crucial 7% level is a thing of the past.  Maybe this is market “hopium” but the markets react to each new offering still.  Friday’s sale was roughly a three-year (November of 2014) and the yield to investors was 4.83%.  That comes to almost 80 basis points cheaper than the last auction of 2011 and appears to be the lowest yield since September before the Euro debt crisis went into overdrive.

We have yet to see trading in the iShares MSCI Italy Index Fund (NYSE: EWI) as the key ETF around Italy in early bird trading in New York, but stocks in Milan appear to be up 0.7% with about three hours before the NYSE opens for trading.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. (“EnergyX”) has engaged 24/7 Wall St to publish this communication in connection with EnergyX’s ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX’s offering materials. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.


Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Douglas A. McIntyre |

Italy 10-Year Bond Yields Stay Near 7%

Italy’s 10-year bond yields are just shy of 7%, a sign the market is worried about the long term budget cuts which…

Jon C. Ogg |

Italy Borrowing Costs Hit Two-Year Low

ThinkstockItaly is one of the PIIGS, and therefore one of the big troubled spots for investors to keep their eyes…

Jon C. Ogg |

ETF, ETN, and Funds For Germany’s Debt Concerns (BUNL, BUND, EWG, GF, BUNT)

The new question of the week is whether or not Germany will get pulled down into the soup with the…

Jon C. Ogg |

Beyond Greece & ECB, Debt Woes Only Growing Elsewhere in Europe (TI, PT, EWI, AIB, IRE, NBG, EWP, SNF)

Greece saved itself with its latest austerity measures.  For a few months, maybe.  If you have read about Greece’s woes…

Douglas A. McIntyre |

What’s Important in the Financial World (1/5/2011) Pepsi Layoffs, Kodak Patents

Eastman Kodak (NYSE: EK), established nearly 140 years ago, soon may declare Chapter 11. It is burdened by debt, loses money…

Jon C. Ogg |

A Successful Large Bond Sale in Italy

The Euro may not be imploding even after the fears of Greece last week. Look no further than Italy, the…

Douglas A. McIntyre |

What’s Important in the Financial World (11/14/2011) Boeing Record Order, Walmart Earnings

Big retailer earnings due this week. Earnings from Dell (NASDAQ: DELL), Target (NYSE: TGT) and Walmart (NYSE: WMT) are due this week.…

Douglas A. McIntyre |

Concerns About Italy Appear in Bond Issue

It will take a long time for the new Italian government to restore confidence in the nation’s debt. An auction of…

Douglas A. McIntyre |

Auction-Rate Failures Rise

While the debate continues over whether banks and brokerage houses had any obligation to keep the auction-rate market open, almost…

Top Gaining Stocks

Meta
META • Vol: 15,543,976
CarMax
KMX • Vol: 242,135
Weyerhaeuser
WY • Vol: 1,312,728
A. O. Smith
AOS • Vol: 136,719
Builders FirstSource
BLDR • Vol: 151,994

Top Losing Stocks

Moderna
MRNA • Vol: 2,416,637
Coterra Energy
CTRA • Vol: 73,319,495
Datadog
DDOG • Vol: 1,012,006
Intel
INTC • Vol: 19,923,505
CrowdStrike
CRWD • Vol: 1,016,854