The international rescue package for Ireland has failed to restore confidence in the eurozone debt markets, leading instead to a surge in bond yields across half the currency bloc.
Spreads on Italian and Belgian bonds leapt to a post-EMU high, with the sell-off moving beyond Ireland, Portugal, and Spain, the Telegraph reports. Nick Matthews, a credit expert at RBS, says: "The...
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Liquidity mismatches in open-ended funds, such as that seen in the property sector and in the case of the Woodford Equity Income fund, poses a threat to financial stability and could “amplify shocks in the financial system”, the Bank of England (BoE)...
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