“When Ro-Ro goes No-No” expounded upon the ultimate futility of conjuring illusory wealth. Bernard Connolly’s analysis, “Rethinking the Rogoff-Reinhoff Thesis,” made the case. Connolly wrote This Time is Different: Eight Centuries of Financial Folly, “is largely an exercise in measurement rather than theory (while many of the data in the book are new, little or…
Tag Archive for Government Bonds
European Crisis, Latest Business Headlines
Spain eyes support from banks | IFRe
by Newswires • • 0 Comments
Spain is expected to strong-arm its banks into buying more government debt in exchange for aid, after Madrid was forced to borrow up to €100bn from its European partners to bail out its banks, adding to the nation’s debt and making future bond sales more difficult. Yields on 10-year Spanish debt breached 7% last week,…
European Crisis
Monti Struggles to Keep Italy From Being the Next Domino to Fall – NYTimes.com
by Newswires • • 0 Comments
…On Monday, as concern grew about Italy’s prospects, investors were dumping Italian government bonds, causing the price to fall and the yield — a measure of the government’ borrowing costs and of investors’ perception of risk — to rise… Italy’s pressing issues include the fact that Spain’s acceptance of a bailout means Madrid can no…
Latest Business Headlines
Corzine’s first sin was to bet on MF Global – FT.com
by Newswires • • 0 Comments
Whenever financial disaster strikes, it is tempting to try to identify the moment when it became inevitable. In the case of MF Global, was it when Jon Corzine, its former chief executive, started trading in European government bonds? Was it when MF Global first bent the rules on using client funds? My vote, after reading…
Latest Business Headlines
Spain passes market test, Merkel douses summit hopes | Reuters
by Newswires • • 0 Comments
(Reuters) – Spain showed on Thursday that it can still access the credit markets at an affordable but rising cost against a backdrop of feverish behind-the-scenes planning for a likely European rescue of its debt-stricken banks. Madrid sold 2.1 billion euros ($2.6 billion) of government bonds in a well-bid auction, paying just over 6 percent…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Safe Haven: Could U.S. Markets Rally in a Global Decoupling?
by Charles Hugh Smith • • 0 Comments
The primary purpose of “safe havens” for “big money” is to preserve capital in realtively low-risk, highly liquid markets. There are few markets that offer both.
Experienced investors try to avoid the “confirmation bias” trap by asking what su…
Latest Business Headlines
US Treasurys Rally On Greece Fears; Yields Test Historic Lows – Wall Street Journal
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BloombergUS Treasurys Rally On Greece Fears; Yields Test Historic LowsWall Street JournalBy Cynthia Lin Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The global scramble for safe-haven assets sparked by Greece's political shuffle is firing up deman…
Latest Business Headlines
EURO GOVT-Spanish bonds stable after auction, French yields dip – Reuters
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Moneycontrol.comEURO GOVT-Spanish bonds stable after auction, French yields dipReuters* Spanish sale meets expectations, French goes well * Markets looking for dovish signals at ECB meeting * Bunds stable, Spanish yields keep close to 6 pct By Marius Z…
Latest Business Headlines
European Government Bonds Tread Water Ahead Of Supply, Elections – Wall Street Journal
by Newswires • • 0 Comments
Financial TimesEuropean Government Bonds Tread Water Ahead Of Supply, ElectionsWall Street JournalLONDON (Dow Jones)–Euro-zone government bond markets trod water Monday, as a lack of any policy speeches, supply or market-moving data kept trading volum…
Latest Business Headlines
Italian, Spanish banks load up more on government debt: ECB – Chicago Tribune
by Newswires • • 0 Comments
BloombergItalian, Spanish banks load up more on government debt: ECBChicago TribuneFRANKFURT (Reuters) – Banks in Italy and Spain stuffed their coffers with government bonds last month, European Central Bank data showed on Monday, in the latest sign th…
