Italian borrowing costs rise at auction

The Italian Treasury held the first post-downgrade debt auction on Wednesday during which it managed to sell 6.993 worth of bonds out of the targeted 7.25 billion.
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US: MBA Mortgage Applications fall 4.7% on March 8

The US MBA Mortgage Applications decreased plunged by 4.7% in the week ending March 8, compared with the previuously registered 14.8% rise, the Mortgage Bankers Association reported today.
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