SCOREBOARD: S&P brush-off

Investors didn't lose any sleep over S&P's eurozone downgrades, with key bond yields dipping overnight.

US markets were closed for Martin Luther King Day, but there was plenty of action out of Europe to keep punters busy. Following S&P’s decision to downgrade their credit rating, France auctioned off €1.895bn of 12-month bills at a yield of 0.406 per cent, down from the 0.456 per cent they paid only a week or so ago. The 3-month and 6-month paper (over €8bn in total) was also given at lower yields and this seems to have given a boost to risk appetite overnight, although the euro is up only 30 pips or so (1.2665, to a high of 88).



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles