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InTheMoneyStocks.com – Can The Market Shrug Off The Soaring Yields On Spanish Debt Again?
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This morning, the S&P 500 Index e-mini futures (ES-U2) are trading higher by 2.25 points to 1343.25 per contract. The future markets seem to be holding up well despite the spike in Spanish bond yields. Earlier today, Spain auctioned off €3.04 billion in 12 and 18 month bills, however, yields soared on all maturities after the sale. Later today, the FOMC will begin a two day meeting. Many investors are waiting to hear if the central bank will implement another round of quantitative easing. This tells us that the major stock indexes could be on hold until tomorrow afternoon when the Federal Reserve makes their statement on the economy. [Go to Source]
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