Tag Archives: Spain

What’s going on in Spain? – Demand shocks, hysteria and forgetting the ECB

UPDATE (13/04/2012): While the overall tone of this post holds, in the view of its author, there are some errors that were identified an addressed in a followup post. You are highly recommended to read these. The relevant sections are … Continue reading

Posted in Risk Scenario Analysis, Sovereign debt Crisis | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Week ahead Calendar – 02/04/2012 to 06/04/2012: Spanish Auction Fears, PMIs and ECB Council Meeting

Once again, please find below a list of the eventful days ahead. The main sources are Unicredit’s Weekly Focus, Forex Trading weekly calendar, the EU’s general calendar, the EU’s national issuance calendar and many others,  all of which I advise you to consult directly. I found Unicredit’s … Continue reading

Posted in Uncategorized, Week Ahead | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Weekly Bond Yield developments in the Euro Area (W13.2012): Spain and EFSF/ESM reform – But what about Italy?

Once again, please find below the most recent developments in selected Euro-Zone sovereign bond markets. You may notice that there’s a change from previous versions. For the sake of facilitating the comparison across  maturities these are all presented in the … Continue reading

Posted in Weekly Bond Yield developments in the Euro Area | Tagged , , , , , , , | Leave a comment

News Round up and Comment – 09/03/2012

11 interesting news trends today: Greece seems to have achieved a 95.7% participation rate in the public debt PSI. This means that 95.7% of the total (€206 Bn) privately held Greek public debt will suffer a haircut of 53% and … Continue reading

Posted in News Round up & Comment | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Weekly Bond Yield developments in the Euro Area (W9.2012): Spanish and Italian bond auctions, LTRO, Greece and Fiscal Compact

Sovereign debt market developments this week were marked by 4 main events: Italy’s successful sovereign bond auction on Monday. Spain’s successful sovereign bond auction on Thursday. Thursday’s LTRO by the ECB. Friday’s Council of the EU meeting. We can see … Continue reading

Posted in Weekly Bond Yield developments in the Euro Area | Tagged , , , , , , , , , | Leave a comment

ECB Market Intervention: The Securities Market Programme (SMP)

Update: As of September 6th, 2012, the SMP was discontinued and the assets held in its accounts were transferred assimilated by the Outright Monetary Transactions (OMT) accounts. For a preliminary assessment of the OMT, please check this blog post. Otherwise, … Continue reading

Posted in Aides Memoire, ECB, Economic Concepts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | 12 Comments

Week ahead Calendar: 27/02/2012 to 01/03/2012: M3, Italian and Spanish bond auctions, LTRO and CPI

Once again, please find below a list of the eventful days ahead. The main sources are Unicredit’s Weekly Focus, Forex Trading weekly calendar, the EU’s general calendar, the EU’s national issuance calendar and many others,  all of which I advise you to consult directly. I found Unicredit’s … Continue reading

Posted in Week Ahead | Tagged , , , , , , , | Leave a comment