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...S&P downgrades Spain: Will that increase pressure on Madrid to ask for ECB bond buying?
Yesterday Standard and Poor’s cut its credit rating on Spanish government bonds by two grades to BBB-, just a single notch above junk. Could this finally force Spain to ask for a formal program of bond buying—with the loathed “conditions”—from the European Central Bank?
And what does “not imminent” mean? Through the Looking Glass with Spain’s Rajoy
Spanish Prime Minister Rajoy can’t put off a formal request for very long. Spain will need to borrow 207 billion euros in the financial markets in 2013. There’s simply no way that the government will be able to raise that sum without bond buying by the European Central Bank.
Fascinating preview of earnings season with worries over Spain taking stocks down in the a.m. and Apple taking stocks back up in the p.m.
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 official results of the official stress test on Spain’s banks are officially in
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...One more bounce for Europe–and then the political realities can’t be ignored any longer
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...My first read: The Spanish budget doesn’t add up, sorry.
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...Spain’s budget announcement today moves the country closer to a program of unlimited bond buying by the ECB
The 2013 budget that Spain announced today was intended to send a message. And it looks like the U.S. market got it. What was the message? That a European Central Bank program of bond buying is on the way.
EuroZone markets crumble on inaction in Spanish crisis
Thousands of Spaniards in the streets marching in protest. Yields on Spain’s 10-year bond back over 6%. The parliament building ringed by angry Spaniards. And still Spanish Prime Minister Mariano Rajoy says it’s still too soon to tell if Spain needs a bond-buying program from the European Central Bank.
Spanish yields rise in today’s debt auction but will the country’s politicians wish that news away?
So how will Spanish politicians read this morning’s auction of three-month and six-month government debt? The Spanish Treasury met its goal for the auction by selling 4 billion euros in debt. The rates that Spain paid on this debt, however, were sharply higher. So complacency or call to action?