Spanish bond yields up, Euro down, U.S. dollar up, commodities down–well, at least we’ve been here before
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...A bad bond auction in Spain spooks (rightly) global financial markets
Spain managed to sell 2.59 billion euros in bonds. That was just above the minimum target for the auction and well below the hoped for maximum of 3.5 billion euros. As bad as the shortfall in demand was, the increase in yields investors required before buying was even worse. After the auction, yields on the Spanish 10-year bond climbed to 5.7%.
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Euro finance ministers claim an expanded crisis rescue fund; will the IMF buy their math?
The math is predictably suspect. The headlines are characteristically deceptive. The self-congratulation is pathetic as usual. And the announced 800 billion euro cap for the European rescue fund isn’t, predictably, anything like that amount in reality. It’s really just the same old 500 billion European Stability Mechanism that was in place before the meeting.
Portugal’s central bank cuts its growth forecast for 2012–hard to see how Portugal (or Ireland, Greece, Spain or Italy) meets it’s deficit targets with growth falling
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Go away in May starts to weigh on stocks
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...OECD calls on Europe to stop stalling on increasing size of rescue fund
Yesterday, March 27, the head of the Organization for Economic Cooperation and Development, the think-tank for 34 developed countries, said, “Europe is stalling. The mother of all firewalls should be in place” to prevent problems in Greece or Portugal or Spain from spreading to the rest of Europe
3 scenarios that could turn minor bad news into major damage to your portfolio
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The EuroZone’s response to the growing Spanish crisis consists of lots of promises but not enough cash
What we’re seeing in the run up to the March 30 meeting of European finance ministers is yet another example of EuroZone leaders trying to fight a financial fire with firewalls built out of half measures and promises that, upon examination, turn out to deliver way less than is needed.