"It's a step in the right direction, but the bigger test will be the longer-dated auctions further down the road, " said Nick Stamenkovic, bond strategist at RIA Capital Markets in Edinburgh.

BBC: Spain and Italy's borrowing costs fall

Only one of those is moving in the right direction above the level of the test of statistical significance.

FORBES: Jeff Sach's Lancet Paper on Millennium Villages: Actual Scientists Seriously Unimpressed

It ruled that St Margaret's failed the charity test and issued a direction for it to amend its procedures, or risk losing its charitable status.

BBC: St Margaret's logo