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ECB's 3Y LTRO Huge Demand

With expectations around EUR300bn, the EUR489bn print is well above expectations. ECB ALLOTS EU 29.7BLN IN 98 DAY REFINANCING TENDER ECB AWARDS EU489 BLN IN THREE-YEAR LOANS VS EST EU293 BLN ECB SAYS 523 BANKS ASKED FOR THREE-YEAR LOANS The initial reaction seems to be risk on as EUR is rallying. Gold and Silver are also rallying. Stocks and CONTEXT rallying but BTPs not reacting aggressively yet.
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The Euro Just Tanked

Business & Finance : Business Insider: Clusterstock (last year)

The euro just fell to its lows of the day. According to Bloomberg, the ECB is saying that European banks will be repaying just €61.1 billion worth of loans from the second tranche of the long-term refinancing operations (LTRO). Thes... Read Post

Debt Crisis 2012: Forget Europe, Check Out Japan

Business & Finance : Zero Hedge (2 years ago)

By EconMatters The recent massive demand for ECB's LTRO (Long Term Refinancing Operation)--nearly 490 billion euro in three-year 1% loans from 523 banks--only confirmed the suspicion of some market participants that European banks a... Read Post

ECB LTRO 2: €529.5 Billion As 800 Banks Ask For A Handout

Business & Finance : Zero Hedge (2 years ago)

The results for the second European 3 year discount window operation, pardon LTRO are in, and the winner is... ECB ALLOTS EU 529.5BLN IN 1,092 DAY REFINANCING TENDER ECB SAYS 800 BANKS ASKED FOR THREE-YEAR LOANS Since the expected r... Read Post


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