The day has started well with the Ira Sohn conference giving a lot of hope to ideas floating around in my head since that jump began last year, but then Jobless claims seem to have kidnapped good news baselines to…
The whole issue with Sain comes with the Spanish government not holding much debt of its own but banks needing over EUR 100 bln in Capital to fund their bad loans. However if a one time separation of these assets…
The morning stream of data knocked the winds out of the Europe watchers but sentiment still improved on basis of yesterday’s scare turning out to be a non starter. UK, the most promising Common market, unfettered by the Euro also…
Mt. 14K is no tuntil December, and that is the only comfort one can draw from this week as the Consumer Comfort index kept creeping up and the January credit figures still at near all time highs led by auto loans.…
A simple missive in the National People’s Congress in China was enough to shake the tree , as China’s holdings of US debt have fallen to 54% of their portfolio as they make an almost noiseless exit from US treasuries.…
EUR 21 bln of Sovereign bonds with EUR 12.5 bln already committed today and the rest coming next week and European PPI was more than a mite uncomfortable at a high 3.7% Y/Y driven by Oil even as demand goes…
Of course it’s not Rinse. Wash. Repeat. anymore, it’s just Borrow from ECB, Deposit at ECB. and ECB can’t see much lending but liquidity is there. Welcome drops in yields apart, the deposits at ECB have finally hit a $1…
The EMEA Determinations committee that handled the thorny question decided to llet matters be for now asking investors to be sure to come back if anything else happened , bu tthat as of now there was no Credit event apparently…
The ISDA decision is key to the Greek debt situation roll out from here as ISDA contracts enforce all derivatives and despite the flexi nature of OTC derivatives and their preponderence, most banks and now clearing house operations will not…
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