Tag Archives: Greece PSI bonds

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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