Category Archives: Eurozone Sovereign Spreads

Stratfor: European Banking Union

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Posted in Black Swan Watch, Euro, Eurozone Sovereign Spreads, Sovereign Debt, Sovereign Risk, Video | Tagged , , , | Leave a comment

The “Massive” Cost of a Greek Euro Exit

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Tough Day in Euroland

Key Data Points: German Bund yield falls 6 bps to 1.457 percent; France 8.4 bps wider; Italy 24.7 bps wider; Spain 27.9 bps wider to 6.23 percent; Portugal 23.4 bps wider; Ireland 16.7 bps wider; Greece 289 wider; Large Eurozone … Continue reading

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Euro Crisis: Lorenzo Bini Smaghi

Lorenzo Bini Smagi,  former Member of the Executive Board of the European Central Bank, nails it, You call it austerity, i would call it putting your house in order. You can’t grow especially if you have a deficit which is … Continue reading

Posted in Black Swan Watch, Budget Deficit, Eurozone Sovereign Spreads, Fiscal Policy, PIIGS, Sovereign Debt | Tagged , , , , , | 2 Comments

Spanish Yields Move Higher After Auction

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The Fiscal Health of Nations: General Govt Balance

The IMF is out with their Fiscal Monitor today.  Great stats.  Here is a comparison of the fiscal health of the world’s economies. Contrast Norway and Saudi (both oil exporters) with, say,  the U.S. and Japan.  Italy doesn’t look so … Continue reading

Posted in Black Swan Watch, Budget Deficit, Economics, Eurozone Sovereign Spreads, Fiscal Policy, Sovereign Debt, Sovereign Risk | Tagged , , , , , , , , | 2 Comments

Spanish 10-year Closes Above 6 percent

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Tough Day in Euroland

Europe came back from its long Easter weekend and took a nasty spanking. Spain’s sovereign spread over German bunds blew out 26.3 bps and is within 40 bps of its November high, while Italy moved 27.4 bps wider.   The large … Continue reading

Posted in Black Swan Watch, Equities, Euro, Eurozone Sovereign Spreads, German Bund, Sovereign Debt, Sovereign Risk | Tagged , , , , , | Leave a comment

The Bigs Break

More breaks in the big indices as the S&P500 and Dow have violated their short-term uptrend.   The Dow closed below its 50-day moving average today for the first time since mid-December, which was a vicious bear trap.   Doesn’t seem like … Continue reading

Posted in China, Equities, Euro, Eurozone Sovereign Spreads, Sovereign Debt, Sovereign Risk, Technical Analysis | Tagged , , , , | 2 Comments

60 Minutes: Europe’s Debt Crisis

CBS’ 60 minutes aired this report tonight. Well worth your time. When the tide goes away you see those who do not have a swimming costume on.   And that was the case in Europe – Christine Lagarde (click here if … Continue reading

Posted in Black Swan Watch, Euro, Eurozone Sovereign Spreads, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , | Leave a comment