Tag Archives: OMT

Weekly Eurozone Watch: Comfortably Numb

Key Data Points German 10-year Bund 18 bps higher; Italy 10-year 97 bps tighter to the Bund; Spain 141  bps tighter; Portugal 140 bps tighter; Ireland 50 bps tighter; Greece 197 bps tighter; Large Eurozone banks 5-15 percent higher; Euro$ … Continue reading

Posted in Weekly Eurozone Watch | Tagged , , , , , | Leave a comment

Draghi Speaks, Markets Go Berserk

The potential disappointments were there in Draghi’s OMT policy announcement.   The markets didn’t care, however, as the perceived tail risk of sovereign default was taken off the table as was a Euro banking collapse circumvented by the LTROs. Central bankers … Continue reading

Posted in Banking, ECB, Economics, Euro, Eurozone Sovereign Spreads, Monetary Policy | Tagged , , | 1 Comment