Monthly Archives: April 2012

Coming up: Economic Data, Political Meetings, Sovereign Debt Auctions & Elections

Please find below 5 tables with information about the relevant events coming our way. The first 2 tables shows the calendar of 2012Q2 scheduled sovereign debt (bonds &bills) auctions, as provided by provided by the Sub-Committee on EU Sovereign Debt Markets of … Continue reading

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From Austerity to Growth?

This past week was fascinating to watch. While it is impossible to tell at this time that there has indeed been a shift in the direction of European policy, it is evident that at least there’s been a momentary shift … Continue reading

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Elections in May – Greece & France

A week away from the French and Greek polls, what is it looking like? Very similar to previous observations…

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Revisiting and correcting my comments on Spanish financing conditions – Primary Market Conditions and CDSs

So I noticed I had made some embarrassing mistakes on my post about recent developments in the Spanish Sovereign debt market. However, while looking for an alternative illustration of Spanish woes, and blatantly engaging in confirmation bias, I came across … Continue reading

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Economic Concepts: No-Arbitrage Condition and Interest Rate Parity

This post briefly discusses the issues of arbitrage and interest rate parity. The insights summarised below are extremely useful in international economics. They are crucial to understanding the Mundell–Flemming Model of international economics, particularly in understanding the trilemma of international … Continue reading

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Greek elections Rumoured for May 6, 2012: Voter intention Polls and expectations – A Destroyed System

Update: You can find an update to the Greek surveys described below, as well as other information, here. Market News International, the financial news outlet of Deutsche Boerse reported today (April 11, 2012) that an unnamed government source had leaked the … Continue reading

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French Presidential Election update: Voter intention Polls on 10 April 2012

With the first round of the French presidential election looming only 2 weeks away, I thought it would be interesting to have a look at the state of voter intention polls and what they mean for the result of the … Continue reading

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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

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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

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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

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