Spanish and French bond auctions see soaring yields; Germany increasingly lonely in opposition to big European Central Bank intervention
Today’s auctions of Spanish and French debt don’t go well–does the European Central Bank have a choice besides massive intervention as French yields climb?
Yields on Italian and Spanish bonds will keep rising until the European Central Bank moves with overwhelming force–until then political reforms don’t matter
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...Here’s my take on where we stand this morning in the Italian debt crisis
This morning to follow the Italian debt crisis you’ve got to juggle the results of today’s auction of Italian government five-year bonds, the progress of Mario Monti in forming a new government, the push back from the down but clearly not out Silvio Berlusconi, and the odd long-term focus from EuroZone leaders such as Germany’s Angela Merkel.
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...Europe’s financial crisis is now clearly a political crisis–which, unfortunately, might make it even harder to fix
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...France is looking a little sickly today in the bond market
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...Italy crawls a teeny, tiny bit back from the brink
Italy has retreated from panic but the crisis remains. The yield on the 10-year government bond stood at 6.92% as of 11 a.m. in New York. That’s a huge retreat from the 7.25% yield at the close yesterday
The market is looking for details and action and all it’s getting are vague promises and delays–ask yourself when Greece and Italy will actually have governments capable of acting on the crisis.
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...Italy could torture the financial markets for weeks
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...Financial markets say Berlusconi must go now and not in a matter of weeks; Italian 10-year yield soars over 7%
A yield on the 10-year bond above the 7% threshold plus an inverted yield curve with higher yields on one-year than on ten-year debt is exactly the pattern that led to collapse in Greece, Portugal, and Ireland and the need for a EuroZone bailout.
When the Greek and Italian crises go from boil to simmer, the markets will start asking for the details on the euro debt deal again
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...Jim’s Stock Alerts
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