Thank goodness! Spanish bond yields rise today
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...Looking for an exit in Banco Bilbao to set up another swing trade on the next outbreak of the Euro debt 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...So far Spain is saying “No thanks” to the ECBs bond-buying plan
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...Markets can’t decide what today’s news from Greece means
This morning markets were down on news that the troika of the International Monetary Fund, the European Commission, and the European Central Bank had rejected 3 billion euros of proposed cuts to Greek spending on the grounds that they were too vague. And then markets rallied on publication of an article saying that German chancellor Angela Merkel had changed her mind on Greece and now wants to do everything she can to avoid a Greek exit from the euro.
A jump in Spanish 10-year yields to near 7% today puts big pressure on the ECB at its Thursday meeting
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...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...Today’s rally is built on traders deciding to avoid event risk after Draghi says the ECB will defend the euro
ECB President Draghi’s comments this morning reminded traders that the central bank meeting is just a week away and that the European Central Bank could take action that would put everybody who has made money in recent weeks betting against the euro, and Spanish and Italian bonds, and European stocks in danger of giving back all or most of their gains.
Spain successfully auctions short-term debt but the 10-year yield climbs to a new euro era record
This was the easy auction since the amount was small and the maturities short. The big challenge will come will Spain has to sell bonds on August 2. The big problem comes in October when Spain has to sell 27 billion euros of debt to replacing maturing issues
The dominos keep falling in the euro debt crisis–and I don’t see anything that can stop the cascade short of a move by the ECB and the Fed in early August
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...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...Bad news out of Spain today sends euro crisis to new level of fear
It’s hard to say what’s worse in the markets’ estimation, new projections from Madrid that the economy will contract rather than expand in 2013. Or news that the regional government of Comunitat Valenciana is asking Spain’s central government for a bailout of as much as 3 billion euros.
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