Tag Archives: Eurozone Banks

Nervousness in over-banked Europe slams markets

Those who live in glass houses shouldn’t throw stones.  Mess with the banks and Europe gets nervous.  After getting all lathered up over the Cyprus deal, markets tanked when the head of the Eurogroup of euro zone finance ministers,  Jeroen … Continue reading

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Weekly Eurozone Watch: Ireland Trades Through Italy

Key Data Points German 10-year Bund 11 bps lower; France 12 bps wider to the Bund; Italy 10-year 14 bps wider to the Bund; Spain 8  bps wider; Portugal 11 bps wider; Ireland 13 bps tighter; Greece 75 bps tighter; … Continue reading

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Weekly Eurozone Watch: Spreads Tighter

Key Data Points German 10-year Bund yield 14.4 bps higher; France 12.7 bps tighter; Italy 27.1 bps tighter; Spain 63.8 bps tighter; Portugal 117 bps tighter,  closes below 10% at 52 week low; Ireland 40 bps tighter; Italian and Spanish … Continue reading

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Greece Is Not The Word

Check out today’s action  in European sovereign credit and bank equities after the the better than expected results from the Greek election.   Spain and Italy blowing out and Euro bank stocks clearly demonstrates the market is beyond Greece and looking … Continue reading

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

Weekly Eurozone Watch: Is Eurogeddon Exaggerated?

Key Data Points German 10-year Bund yield down 6 bps to 1.37 percent; France 28 bps tighter; Italy 9 bps tighter; Spain 10 bps wider; Belgium 21 tighter; Portugal 5 wider; Ireland 3 wider; Greece 113 wider; Large Eurozone banks … Continue reading

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Weekly Eurozone Watch: Spreads Blow Out, Banks Tank

(click here if charts are not observable)

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Weekly Eurozone Watch: The Pain in Spain

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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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