Tag Archives: sovereign debt
Greek 10 Year Bond Deal Priced, Unique Perspective Into Sovereign CDS Hedge Farce
Greek funding update: Deal complete, interest acceptable, funding crisis averted for now…. New Greek €5 Billion 10 Year Bond Prices At 300 Over Midswaps, 326 bps Over 2020 Bund, Comes With 6.25% Coupon Greek debt chief says bids for 10-year bond at EUR14 bln – DJ DJ reports the Greek government’s offering of 10-year bonds has attracted EUR14 billion […]
Credit Markets Warning Signal, Foreign Demand for US Treasury Falls
The following story represents perhaps the largest obstacle facing equity market integrity today. The previous statement is not hyperbole. The collapse of equity prices in 2008 was presaged by a python-like constriction of credit. If the private sector cannot access credit then business grinds to a halt and as we saw in 2008 economic cataclysm ensues… Credit markets flash hottest […]
Greek Bailout Speculation: The Effect on The US$ and Gold
Turn off the TV and forget about the newspaper. If you want to understand the equity market gyrations of the last couple of weeks simply log on to an internet service like Briefing.com and watch for updates to the sovereign debt crisis. Today’s trading is a perfect example of this new paradigm. The Greek tragedy has turned into a farce […]
Sovereign Debt Spreads Widen on Greece/Portugal Worries, Equity/Commodity Markets Roiled, Fed Begins to Backtrack
The equity and commodity markets get rocked as Sovereign debt woes resurface. The burning question: Will the dramatic widening of credit spreads in Sovereign debt, beginning to resemble the CDS collapse of 2008 in the private sector, lead to a revisit of a 2008 type credit crisis and all the fallout associated with it?… Greece, Portugal woes intensify – WSJ […]
