In the recent developments of the Eurozone crisis, it has been revealed that there might be some hope in store for Spain and Italy as they are looking forward to debt auctions. There shall, however, be a careful scrutiny of the markets on as to what costs are going to be borne by the ECB for the support of this cause.

The ECB has contributed by buying as much as 36 billion Euros of the Eurozone debt so far and the major concentration of these purchases has been on Spain and Italy.

The contribution by the bank shall surely play a huge role in taking some burden off the two nations. This shall, however, not make sure the yield would be in favor of those buyers who saw a climb in the results in the recent times, after the debt crisis took a more serious turn.

“No one is going to start buying the periphery on the back of a good auction”. "But if you have a bad auction that may be a signal for the market to question if the ECB are doing their job and are committed enough. All the risks around this supply are to the downside”, a London-based bond trader said.