Tag Archives: Bonds

Fed Decision – A Minority Report

The analogy sort of fits; and what put me in mind of it was the news this week that the FBI has commenced a project to create a hi-tech facial recognition database. We of course, are concerned about a different … Continue reading

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ECB Floats Yield Target Idea; U-Boats Launched

Late this morning the markets seem to have sobered up a bit following earlier barely fettered optimism about a Der Spiegel article over the weekend. It said: “The European Central Bank is considering setting limits on yields of euro area sovereign … Continue reading

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ECB Bullets To Shoot Down High Hopes [Sorry]

The views below are based on my soundings, readings and common sense. Responsibility my own: ESM banking licence: crisis would need to deteriorate significantly (threaten the core) before such a politically contentious and legally complex policy change is considered. Bear … Continue reading

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Negative Benchmark Omens – How Imminent is the Doom For Yields?

Discussion of whether [or when] there is likely to be a collapse in ‘core’ government debt prices appears to be increasing. One example Specifically in Europe, the question of when Bunds in general [and perhaps the Euro Bund Future contract … Continue reading

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Spain: the Pain the Bailout Forgot

EU leaders hailed it. Merkel & Co. gave their blessing to it. UK leaders nodded in mild approval to it. The IMF applauded it [from the sidelines.] And markets, of course, ‘sold’ it. It’s not that frequent for the political … Continue reading

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Why Pillaging Alpha From Italy’s Yields Might Not Be So Easy

Espresso 7% rate on all debt would cost just EUR140B Italy projects it will collect c. EUR500 bln taxes in 2012 Italy’s Total Debt Scenario Relatively Tame Italian household debt is about 40% of GDP Risk/Scope for Financial Repression Some … Continue reading

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The week’s off and on risky, European affair

#CHF and #JPY strength into the Western evening on Wednesday and early in #Asia underscores the switching back off of ‘risk’ after quite a battering for that sentiment in the last 36 hours. You name it, we’ve had it: profit … Continue reading

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