Weekly Eurozone Watch

Key Data Points
German 10-year bund 2 bps higher;
France 8 bps wider;
Spain 5 bps tighter;
Portugal 67 wider;
Ireland 66 tighter;
Greece 131 bps tighter;
Spanish and Italian bank stocks 3-10 percent higher;
Euro FX up 0.66 percent;

Commentary
EU Summit announcements do the trick to stabilize markets.   Big one day tightening in Italian and Spanish spreads which had blown out earlier in the week but not reflected in the weekly change.  Irish spreads come in big on the possibility of a retroactive bailout of the financial sector relieving the sovereign of debt obligations and commitments.

(click here if charts are not observable)

This entry was posted in Weekly Eurozone Watch and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.