Sold Eur 8 bln of July 2012 BOT, yield 1.969% (vs 3.251), cover 1.346 Sold Eur 3 bln of new Dec 2012 BOT, yield 2,.2145, cover 1.821 Full take up and improved yields on the 6mth T bills, EUR/USD holding … Continue reading
If not today, maybe over weekend; “we are VERY CLOSE” EUR/USD at session high 1.3144 on comments.
Seeing more confidence in Italy, Spain now ECB is doing the necessary, but must avoid false incentives Greece must deliver to regain confidence, no firewall will work if real problems are not addressed We don’t expect Greece to default Reuters … Continue reading
Will help confidence return.
Ouch!!, that’s a severe old haircut….. Short back and sides
Spain 2011 deficit overrun damaged credibility Not committed to any minimum interest rate
Oct-Dec average 2.1% y/y vs 2.5% Sep-Nov Dec private loan growth 1.0% y/y