SCOREBOARD: Rates tally

Expectations of a Spanish bailout lifted markets and added to the Reserve Bank's case for keeping rates steady.

Solid gains were to be seen across the spectrum on Friday and there were two reasons for that. A stronger jobs report in the US (163,000 versus 100,000 expected), and news that Spain might approach the European bailout funds for aid. Recall that the European Central Bank made this a precondition to outright bond buying, and having initially said they wouldn’t go down that path, the Spaniards have indicated they now will.

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