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Spanish yields up as Moody’s downgrades regions

Bund futures rebound after last week lossesLONDON, Oct 23 (Reuters) Spanish bond canada goose coats on sale yields and safe haven German debt rose on Tuesday after Moody cut the credit canada goose ratings of five of the country regions, including economically important but deeply indebted Catalonia.

Moody which surprised markets and prompted a sharp rally in canada goose factory sale Spanish bonds last week by affirming Spain investment grade rating, downgraded the five regions by one to two canada goose store notches citing their limited cash Canada Goose Jackets reserves canada goose uk outlet and forthcoming bond repayments.

This included Canada Goose sale the northern region of Catalonia, uk canada goose outlet which accounts for a fifth of Spain economic cheap canada goose uk output but is Canada Goose Outlet all but shut out of international markets, forcing it to request a state lifeline of Canada Goose Parka just over 5 billion euros.

The downgrade of the regions added to market nerves cheap Canada Goose over Spain, which were a lready starting to fray a s Prime Minister Mariano Rajoy government holds off seeking a bailout which would enable European Central Bank support for the country bonds. Rajoy said on Friday after a European Union summit that he had still not decided whether to seek aid or not.

Traders and strategists expect Spanish yields to drift higher canada goose coats in coming days but ruled out a sharp sell off in the debt given the prospect of eventual ECB intervention.

comments indicated that Prime Minister Rajoy has no real urgency to request a bailout and that has taken some steam off the rally and the downgrade of the regions is adding to the negative newsflow, Commerzbank strategist Michael Leister said.

market is realising that the momentum we had with a lot of events last week will most likely not be followed up by canada goose clearance a quick aid request by Spain and that prompting some profit taking. We don expect a sharp correction but a bit of a pullback.

Spanish 10 uk canada goose year yields were last up 5 basis points at 5.57 percent, retreating from a six month low of 5.297 plumbed on Friday after Moody kept the country rating one notch above status. Two year yields popped back above the 3 percent mark they broke for the first time in over a month last week.

COMPLACENCY RBC strategists recommended buying shorter buy canada goose jacket dated bonds after a dip Canada Goose online in the price, saying they still expected Spain canadian goose jacket to apply for a precautionary credit line in coming weeks.

setbacks could become more severe in case political canada goose uk shop complacency hampers a financial assistance programme to be canada goose uk done and canada goose clearance sale dusted buy canada goose jacket cheap before year end, readying Canada Goose Coats On Sale the ECB to intervene as of early 2013 when supply is picking up again, they cautioned in a noted.

The fragile tone in peripheral bonds prompted safe haven German bonds to claw back some of last week losses. Bund futures were last 32 ticks up on the day at 140.19 with the move higher helped by canada goose black friday sale technical buying around 140.00.

Cash 10 year Bund yields were last 3 bps lower at 1.59 percent. Lloyds strategists expect 10 year Bund yields to hold within a 1.45 70 percent range https://www.topparka.ca in coming sessions with a drift towards the upper end of the range going into Wednesday German sale of 4 billion euro of 10 year bonds as traders push for cheaper prices.

as we approach the top of the range in yield, we think the better risk/ reward is to canada goose uk black friday buy on dips Canada Goose Online on further weakness, they said in a note. (Editing by Chris Pizzey, London MPG Desk, +44 (0)207 542 4441).

Famous Chinese cuisine

We could argue until the steamed rice gets dry, Canada Goose Parka crusty and walks out the door Canada Goose sale about which Chinese cuisine is the best. But we won’t.

Instead, we’ve whipped up this primer on the country’s official eight famous Chinese food cooking styles so that next time you canada goose coats get in an argument, at worst you could bluff your way.

And in case you are Canada Goose online wondering about that ‘official’ bit Canada Goose Coats On Sale around 50 years ago scholars proposed the Eight Great Cuisines, or canada goose black friday sale Great Traditions, worthy of representing China’s finest cooking styles hence the eight we dish up canada goose uk black friday below.

Don’t canada goose clearance let those numbers sway you, we are starting in no real order here when dishing up the lowdown on Chinese cuisine.

1. Lu cuisine from Shandong ( Lu cai): Keep it simple

Keep it simple, stupid that’s the mantra of Lu chefs who specialize in heavy sauces and seasonings to create uncomplicated dishes with simple ingredients that avoid the mixing of too many flavors. Be warned, Lu cuisine canada goose uk shop is not Atkins diet friendly; it’s heavy on cheap Canada Goose tasty, starchy foods and noodles canada goose outlet vancouver made from ingredients ranging from wheat, corn and sweet potato to soy beans. However, you could canada goose factory sale try to diet on this famous Chinese cuisine canada goose store by sticking to the many stewed soups and seafood.

Dezhou grilled chicken ( Dezhou paji)

Bird’s nest in clear soup ( Qingtang yanwo geng)

Lotus flower and shrimp ( Hehua daxia)

Sweet and sour carp ( Tangci liyu)

2. Chuan cuisine from Sichuan ( Chuan cai): Hot and Canada Goose Online sophisticated

‘Hot and sophisticated’ sounds like something you’d read in the personals. If Sichuan food was a canadian goose jacket potential date, consider Canada Goose Outlet yourself warned for all sorts of fireworks. It’s already famed for volcanic heat, so there’s no need for us to go on about the spiciness. Just know that if you order chicken with chilies, it’s going to feel more like chilies with chicken. buy canada goose jacket cheap Beyond the tongue burning, there is great diversity in Chuan cooking and it is canada goose uk outlet regarded as one of the most sophisticated buy canada goose jacket and stimulating of all the Chinese cuisines, with flavors ranging from sour to mind altering mouth numbing (if that’s a flavor). One of the more interestingly named dishes is the Husband and Wife Lung Slices. A dish with an interesting history, it’s https://www.canadagoosejacketca.ca made not from lung, but with meat from various parts of an ox.

Mapo tofu ( Mapo doufu)

Gongbao chicken ( Gongbao jiding)

Husband and wife lung slices ( Fuqi feipian)

Dandan canada goose noodles ( Dandan mian)

Gluttonous bullfrog ( Chanzui niuwa)

3. Yue cuisine from Guangdong ( Yue cai): It’s all canada goose coats on sale fair game

People like to joke about Yue cuisine’s open minded approach to cooking nearly every living creature is considered fair game, from snakes to monkeys, rats to cats. But Yue cuisine, which includes dim sum, roast duck and pork, is one of the cheap canada goose uk most widely eaten in the world extending its territory to Chinatowns in countries far and wide. Yue chefs adapt styles and ingredients from other Chinese cuisines, even incorporating Western influences. Chaozhou cuisine a branch of Yue cuisine is famed for its fresh, lightly seasoned seafood.

Roast suckling pig ( Kao ruzhu)

Roast goose ( Shao e)

Shark’s fin soup ( Yuchi geng)

Salt and pepper canada goose clearance sale snake ( Jiaoyan dawang xia)

Steamed turtle with chives ( Qingzheng jiayu)

4. Su cuisine from Jiangsu ( Su cai): Getting fresh

Chefs of the most popular style of Su cuisine, known as Huaiyang, are supremely demanding of their ingredients. Everything must be just picked or freshly slaughtered, as each uk canada goose outlet dish is meant to show off the pure flavor of the main ingredients. Most Huaiyang dishes are mild and often claim medicinal and nutritional benefits. However, Suzhou uk canada goose and Wuxi foods, also Canada Goose Jackets part of Su cuisine, are sometimes disparaged for their cloyingly sweet, sugar laden sauces. Candied fish anyone? Anyone.