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Treasury Yield Gap Narrows as Greek Debt Debate Damps Outlook The difference between yields on Treasuries due in 10 and 30 years narrowed for the first time in three weeks amid concern European leaders have not taken enough steps to contain the region’s debt crisis. www.businessweek.com
Interview: Here’s Why Open Auctions for 2G Spectrum Are the Best Option The war in Washington over wireless spectrum is really beginning to heat up as policymakers and the FCC aren't seeing eye to eye. The issue is commonly referred to as the "spectrum crunch" since wireless networks are quickly becoming overloaded. www.webpronews.com
2G verdict: SC's backing for auctions leaves Centre fretting A day after welcoming SC verdict in 2G case, govt seemed to be worried about implications of the order on policies followed for allocating scarce resources. timesofindia.feedsportal.com
Power sector exempted from coal block auctions In a landmark development, the government has exempted power sector companies from going through the auction route for the allocation of coal blocks for captive use. The move comes even as the Supreme Court last week cancelled 122 telecom licences for not following auction as the method for allocation of second-generation (2G) spectrum, another scarce natural resource, used in mobile telephony. www.business-standard.com
Insurance Auto Auctions Paves the Way for Recycling U.S. Salvage Vehicles in China Insurance Auto Auctions, Inc. the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. , today announced an agreement with Chen Jia, Inc. finance.yahoo.com
2G spectrum auction: Fresh auctions may boost government finances The government's struggling finances are expected to get a leg up, thanks to the Supreme Court ordering fresh auction of 2G spectrum on Thursday. economictimes.feedsportal.com
German 10-Year Government Bonds Fall After Spanish, French Debt Auctions German 10-year government bonds fell as stocks around the world advanced and borrowing costs declined at auctions of French and Spanish debt. www.bloomberg.com
Strong auctions push yields low in Spain, Italy LONDON (MarketWatch) -- Yields on 10-year government bonds in Spain and Italy declined Friday amid strong debt sales this week, analysts said. Yields on 10-year Spanish government bonds fell 26 basis points to 4.67%, while yields on 10-year Italian government bonds took off 7 basis points to 5.88%. Italy succesfully sold 16 billion euros in total this week and saw lower borrowing across all ... www.marketwatch.com
For Spectrum, We Need Fair and Open Auctions, not Pro Wrestling Former FCC Chairman Reed Hundt wants Congress to let the FCC decide who gets to bid in future spectrum auctions. But that approach has already failed, and will again. www.forbes.com
Marcos Baguio mansions up for auction again The sequestered Baguio houses, which were reputedly owned by the family of the late dictator Ferdinand Marcos, are again being offered for public bidding in March after previous government auctions failed to draw buyers, officials of the Presidential Commission on Good Government (PCGG) said on Wednesday. newsinfo.inquirer.net
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