The LATAM contagion effect
All eyes were on Spanish bond yields AGAIN on Wednesday. Especially as news emerged that the country was freezing, due to market volatility, the start of its €13.5bn issue programme set to sell...
View ArticleBeware the reflexivity of Irish bonds
Respected economist Paul de Grauwe, of Leuven University, has a big warning for the eurozone — on the back of the Irish and Greek sovereign crises. According to him, it was the idea of a sovereign debt...
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QE to set sail in Europe?
Spot the odd one out in Friday’s early price action. Continue reading: QE to set sail in Europe?
View ArticleA year in the life of municipal downgrades
From Moody’s on Thursday afternoon, its report on public finance rating revisions in 2010: Rating activity in 2010 provides further evidence that the municipal market faces credit pressure not seen...
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Mr Contagion, 1989-2009
No, this isn’t a festering collection of mutant organisms… Continue reading: Mr Contagion, 1989-2009
View ArticleGreek deal fails to ease contagion fears
Fears of contagion from political and market turmoil in Greece sent Spanish borrowing costs to 11-year highs, in spite of a deal between the European Union and the International Monetary Fund that...
View ArticleWelcome to the Global Sovereign Crisis, says Deutsche
Deutsche Bank’s fixed income research team don’t see any need to beat around the bush. We’re in the early stages of the Global Sovereign Crisis. End of.Continue reading: Welcome to the Global Sovereign...
View ArticleGreek contagion quote du jour
Markets are saying pretty much what I’m saying too: that Greece is doing what it can, but that Greece is not going to be able to carry the weight of all of Europe and the other problems that Europe...
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When the eurozone sneezes, does the US catch a cold?
If this chart of exports is anything to go by, it’s hard to see how the US would become unwell: Continue reading: When the eurozone sneezes, does the US catch a cold?
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Choose your own adventure, China contagion edition
An update from Alberto Gallo’s chart-chest: Continue reading: Choose your own adventure, China contagion edition
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