Tag Archives: sovereign

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 →

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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 →

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Where Next For The Euro? Wednesday Might Yield The Answer

Posted on January 11, 2011 by squaremilecity

Those watching keenly will know it’s less than 24 hours before the next important point in the euro sovereign debt crisis. For a quick recap: Portugal will on Wednesday auction a mixture of 3.60% bonds expiring October 2014 and 4.80% … Continue reading →

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Backing Off The Forward As Portugal Nears The Edge

Posted on January 10, 2011 by squaremilecity

Some of you will remember me mentioning the boast of a contact of mine, about the mouth-watering gains they were seeing in an obscure little EUR/USD position entered on 21st November last year. You might recall that 21st November was … Continue reading →

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