Tag Archives: debt

ECB Floats Yield Target Idea; U-Boats Launched

Posted on August 20, 2012 by squaremilecity

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 →

Posted in M² | Tagged Bonds, central bank, debt, Economic Forecast, Economic Policy, economics, EUR, euro, Europe, European Central Bank, European Union, macroeconomics, markets, sovereign debt, Sovereign Debt Crisis, The Square Mile | Comments Off

ECB Bullets To Shoot Down High Hopes [Sorry]

Posted on August 2, 2012 by squaremilecity

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 →

Posted in M² | Tagged Bonds, central bank, debt, dollar, Economic Forecast, Economic Policy, economics, EUR, Euro zone, Europe, European Central Bank, European Union, foreign exchange, forex, macroeconomics, sovereign debt, The City, The Square Mile, trading | Comments Off

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

Posted on June 19, 2012 by squaremilecity

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 →

Posted in M² | Tagged Bonds, bunds, debt, Economic Forecast, economics, EUR, interest rates, macroeconomics, markets, sovereign, sovereign debt, Treasurys | Comments Off

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

Posted on November 14, 2011 by squaremilecity

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 →

Posted in M² | Tagged Berlusconi, Bond Yields, Bonds, central bank, debt, EUR, euro, Euro zone, Europe, European Union, Italy, Mario Monti, Monti, politics, sovereign, sovereign debt, Sovereign Debt Crisis | Comments Off

Deutsche Bank could FAIL, strictly speaking

Posted on July 15, 2011 by squaremilecity

Deutsche Bank: solid as a Black Forest oak. But could it fail stress tests? The idea that it might outright or nearly fail the EU tests is gathering pace and adding a small chill to European markets right now. The results are … Continue reading →

Posted in M² | Tagged Basel II, Basel III, cds, debt, derivatives, Deutsche Bank, EUR, foreign exchange, Germany, markets, regulation, sovereign, sovereign credit spread, sovereign debt, Sovereign Debt Crisis, stocks, USD | Comments Off

A USD/JPY Caution Pre FOMC Minutes

Posted on May 18, 2011 by squaremilecity

Don’t expect too much USD/JPY upside from the FOMC minutes. Some are expecting a fair bit. [The minutes are due to be released at 1800 GMT.] Given the perceived dovishness of Chairman Bernanke’s comments in the wake of the latest … Continue reading →

Posted in M² | Tagged bernanke, Bonds, debt, dollar, fed, FeFederal Reserve, fixed income, FOMC, foreign exchange, forex, JPY, minutes, sovereign, sovereign debt, Treasurys, USD, yen, yields | Comments Off

Euro survives Greece’s small incendiary, but issue smolders on

Posted on May 9, 2011 by squaremilecity

The euro is reflecting the small, well-timed, incendiary device Greek officials lobbed into proceedings towards the close of play on Friday. As we know, it started late Friday with Der Spiegel’s report that Greece was threatening to leave the euro … Continue reading →

Posted in M² | Tagged Bonds, debt, euro, Euro zone, Europe, foreign exchange, forex, Greece, peripheral, peripheral euro zone, sovereign, sovereign debt | Comments Off

Is This The Correction? Read This To Not Find Out

Posted on February 23, 2011 by squaremilecity

The major equities benchmarks are right now [Wednesday afternoon] extending the slide which they commenced earlier this week, after simmering uncertainty over the situation in the Middle East tipped over definitively into ugliness – with authoritarian crackdowns in Libya … Continue reading →

Posted in M² | Tagged Bonds, debt, derivatives, indexes, market, markets, middle east, options, risk, sovereign, stocks | Comments Off

A Lesson From The Euro Zone In ‘Getting Away’ (With It)

Posted on January 13, 2011 by squaremilecity

I’m not a great fan of City of London colloquialisms, but one term is sticking in my mind today.It’s how traders and analysts etc. around here, informally refer to the success of a corporation or a state, in bond offerings.[Some … Continue reading →

Posted in M² | Tagged Bonds, debt, euro, Euro zone, forex, Italy, markets, sovereign | Comments Off

Portugal Passes Market Test At A High Price

Posted on January 12, 2011 by squaremilecity

No doubt, Portugal trumped the market with its much anticipated bond auction Wednesday. Those parts of the market which doubted its ability to do that, need to accept the reality of the state’s successful sale. Even so, does anyone believe … Continue reading →

Posted in M² | Tagged Bonds, debt, dollar, euro, Euro zone, forex, markets, portugal, sovereign | Comments Off