Category Archives: Weekly Eurozone Watch

Weekly Eurozone Watch: The Pain in Spain

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Weekly Eurozone Watch: Bund Yield +25 bps, Tighter PIG

Wow!   When was the last time Portugal, Italy, and Greece sovereign spreads tightened this much in one week?  Spain remains a concern, however,  widening 10 bps on the week even as the Bund yield increased over 25 bps.    Banks … Continue reading

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Weekly Eurozone Watch: The Greek Haircut

Key Points: 1)  Greece announces results of PSI bond restructuring; 2) International Swaps and Derivatives Association unanimously declares Greece PDI a  “credit event” triggering CDS; 3)  Greece PSI bonds begin trading when issued; 4)  Italy 10-year sovereigns tighten 59 bps … Continue reading

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Weekly Eurozone Watch

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Weekly Eurozone Watch

Q:  How does the market respond to all the doubts and scepticism about the second Greece bailout?   A:  They tighten Italian and Spanish spreads and take the Euro higher, although Portugal did widen on the week. We’ve learned a very important … Continue reading

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Weekly Eurozone Watch

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Weekly Eurozone Watch: Greece’s Freaky Friday

Greece’s political instability ruined a relatively well behaved week in Euro sovereign spread land.   Italy and Spain wider by 20 + bps today.  France back above 100 bps over Bunds. (click here if charts are not observable)

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Weekly Eurozone Watch: Portugal Tighter, France < 100 bps

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Weekly Eurozone Watch: Italy below 6 percent, €/$ Squeezola

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Eurozone Watch: Italy -56 bps, SocGen +29%, Euro$ +2.1%

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