Tag Archives: Germany

Unemployment Rates of Selected OECD Countries

Posted on October 3, 2012 by macromon

Nice chart from the BLS. (click here if chart is not observable)

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Weekly Eurozone Watch: The European Street

Posted on September 28, 2012 by macromon

Key Data Points German 10-year Bund 15 bps lower; France 6 bps wider to the Bund; Italy 10-year 20 bps wider; Spain 33  bps wider; Portugal 107 bps wider; Ireland 24 bps wider; Greece 28 bps tighter; Large Eurozone banks … Continue reading →

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Eurozone PMI Composite Output Index at 45.9, 39-month low

Posted on September 20, 2012 by macromon

Markit reported this morning, The Markit Eurozone PMI® Composite Output Index fell from 46.3 in August to 45.9 in September, according to the preliminary ‘flash’ reading, based on around 85% of usual monthly replies. The index therefore signalled that the … Continue reading →

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Weekly Eurozone Watch: QE∞

Posted on September 14, 2012 by macromon

Key Data Points German 10-year Bund 19 bps higher; Italy 10-year 23 bps tighter to the Bund; Spain 3  bps tighter; Portugal 20 bps tighter; Ireland 54 bps tighter; Greece 102 bps tighter; Large Eurozone banks 3-20 percent higher; Euro$ … Continue reading →

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Uncorrelated Markets, NOT!

Posted on September 9, 2012 by macromon

Can’t you see the benefits of diversification with a basket of the S&P500 and the German DAX?  OK, maybe you get a currency hedge.  Stunning though how the global equity risk premium is, well, so global.   We believe the massive … Continue reading →

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Weekly Eurozone Watch

Posted on August 31, 2012 by macromon

Key Data Points German 10-year Bund 2 bps lower; Italy 10-year 15 bps wider to the Bund; Spain 46  bps wider; Portugal 7 bps tighter; Greece 54 bps tighter; Large Eurozone banks higher; Euro$ up 0.31 percent. Commentary Prime Minister … Continue reading →

Posted in Weekly Eurozone Watch | Tagged , , , , , , | 1 Comment

Enter the Draghi (Plan)

Posted on August 7, 2012 by macromon

The only thing new in the “Draghi Plan”, as far as we can see,  is the potential big bazooka #4  — unsterilized (?) purchases of periphery bonds by the  ECB. Still,  though, countries will have to submit to conditionality — … Continue reading →

Posted in ECB, Euro, Italian Yields, PIIGS, Sovereign Debt, Sovereign Risk, Spain | Tagged , , , , | Leave a comment

Weekly Eurozone Watch: Conditionality

Posted on August 3, 2012 by macromon

Key Data Points German 10-year bund 3 bps higher; France 10-year 14 bps tighter to the Bund; Italy 42 bps wider; Spain 8 bps wider; Portugal 36 tighter; Ireland 20 bps tighter; Greece 144 bps tighter; Large Eurozone banks up … Continue reading →

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Weekly Eurozone Watch – Puff the Magic Draghi

Posted on July 27, 2012 by macromon

Key Data Points German 10-year bund 23 bps higher; Italy 80 bps tighter; Spain 75 bps tighter; Portugal 54 tighter wider; Ireland 24 bps tighter; Greece 91 bps wider; French, Italian, Spanish banks up 5-15 percent. Comments Within our mandate, … Continue reading →

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Eurozone Flash PMI At 46.5, Contracts 10 of Last 11 Months

Posted on July 24, 2012 by macromon

Markit reported this morning the Eurozone PMI Composite Output Index was unchanged at 46.4 in July as the private sector contracted for the tenth time in the past 11 months.    Chris Williamson, Chief Economist at Markit, commented, The flash … Continue reading →

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