I think we already knew this, didn’t we boys and girls? Europe needs France-Germany harmony (such a drama queen) Monetary policy ‘difficult’ amid country differences Yields, spreads have stabilized Stabilization after Draghi’s OMT announcement Greece is a special problem, will … Continue reading
In recent months a growing number of Greeks, Spaniards and Portuguese have ventured north to escape deepening recession and growing social tensions If you want to read the whole article do a google search using the headline.
From the FT: Investors pull €100bn from eurozone bonds Percentage of international Spanish bondholders at 33% at end of Jan from 44% in 2010 Bankers say int’l community used LTROs to further lighten up Deutsche Bank analysts estimate that Spanish … Continue reading
Presently at 376 bps from the 364 I noted first thing. Italian/German 10 year govt bond yield spread out to 344 bps from early 335. EUR/USD hits new session low of 1.3163, presently at 1.3167.
Presently out to 369 bps from the 364 I jotted down first thing. Italian/German 10 year govt bond yield spread has widened out to 340 bps from 335 bps first thing. Nothing major as yet, but worth keeping an eye … Continue reading
Can’t boost Europe growth with more debt Confident IMF will boost its crisis backstop Italy and Spain have taken “important steps” to counter debt crisis Rescue programs for Portugal and Ireland “are working” Greece has the “foundation” to achieve sustainable … Continue reading
Portugal may need 100 billion euros Ireland may need 80 billion euros EU must act to show Greek PSI an exception Bloomberg reporting on FT opinion article. Bini Smaghi is a former ECB executive board member.
Portuguese/German 10 year govt bond yield spread has narrowed to 1187 bps from 1206 I jotted down first thing Italian/German 10 year govt bond yield spread has narrowed to 287 bps from 300 Spanish/German 10 year govt bond yield spread … Continue reading
Italian 10-year spread over Germans down almost 30 basis points with the yield at 4.94%. Even French yields are down 11 bps to the lowest since Oct 2011 Spanish spread down 16 bps with a yield of 4.84% after touching … Continue reading
Says it is first of many such sovereign “requests” – Zerohedge