Market Report reported that the first issue of bonds by the fund of the Mechanism of the European Financial Stability (EFSF) was very well received. Applications accounted for approximately 44.5 billion euros for only 5-billion allocation, and there was a lot of disappointed investors. Generally speaking, there was no doubt in the success of the placement, so that the reaction of the euro has been very limited. Euro / dollar declined moderately significant part of the trading session Tuesday. It was confirmed that Japan bought more than 20% placement, and the total Asian investors bought 38%.
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