November 25th, 2011 10:18:02 GMT.

Italian auction results…


Italy sold Euro 10 bln at the  short term debt auction Sold Eur 8 bln of 6mth BOT  yield 6.504% (from 3.535%) cover 1.47  from 1.57 Sold Eur 2 bln of 2yr CTZ yield  7.814%  (from 4.628%) cover 1.59 from … Continue reading


November 23rd, 2011 09:43:53 GMT.

ECB buying Italian, Spanish bonds


Well I’ll be buggered. Who wud have thunk it? EUR/USD sits at 1.3455. I’m slowly losing the will to live. Shall we call it a year and shut up shop?


November 22nd, 2011 22:38:27 GMT.

I thought IMF bullets had more bang


The next step is to wait for some clarity from the IMF about who may access the latest bailout facility, dubbed the Precautionary and Liquidity Line. The statement says it is to be available to “crisis bystanders” with “relatively strong … Continue reading


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