Bund, Tbond e la storia infinita (VM 91.5 anni)
- Creatore Discussione masgui
- Data di Inizio
quicksilver
Forumer storico
giomf ha scritto:
fammi vedere il grafico....
Leo's
Forumer storico
quazz! non è possibile.... ci sono anche i futures sul tempo che fa nelle varie citta!!! ... 
incredibbbbbileeee 
http://www.cme.com/trading/prd/weather/index14270.html
http://www.firstenercastfinancial.com/cme-ewex.php
incredibbbbbileeee http://www.cme.com/trading/prd/weather/index14270.html
http://www.firstenercastfinancial.com/cme-ewex.php
gipa69
collegio dei patafisici
Reuters - Sab 10 Feb, 15:16
ESSEN, Germania (Reuters) - Il comunicato finale del meeting del Gruppo dei Sette conferma le anticipazioni nella parte dedicata ai tassi di cambio, dal momento che non menziona specificamente lo yen e ripete in larga parte il messaggio lanciato lo scorso settembre dal G7 di Singapore.
Sulla crescita il testo finale indica minori rischi grazie a costi energetici ridotti e a una moderazione delle pressioni sui prezzi al consumo.
Non manca poi, sempre in linea alle indiscrezioni, un nuovo invito a Pechino per una maggiore flessibilità del cambio insieme alla constatazione della ripresa del ciclo giapponese.
"La ripresa economica del Giappone è sulla buona strada e dovrebbe proseguire. Siamo fiduciosi che le implicazioni di tali sviluppi saranno riconosciute dagli attori sui mercati finanziari e anche incorporate nelle valutazioni sui rischi" si legge nel documento.
"Ribadiamo che i tassi di cambio dovrebbero riflettere i fondamentali dell'economia. Un eccesso di volatilità e brusche oscillazioni sul mercato valutario non sono auspicabili per la crescita economica . Continuiamo a monitorare da vicino il mercato dei cambi e cooperare come appropriato" dice il paragrafo dedicato al mercato valutario.
"Per le economie emergenti con un pesante avanzo commerciale, in particolare per la Cina, sarebbe auspicabile una maggiore flessibilità del cambio in modo che avvengano gli aggiustamenti necessari" continua il testo, pressoché identico a quello diffuso al termine dell'ultima riunione G7 dello scorso settembre a Singapore.
Il documento parla poi di una diminuzione dei rischi per la crescita globale legata al clima di rientro dei costi energetici e alla moderazione delle pressioni inflative.
I Sette accolgono poi con favore l'impegno del governo cinese per un riequilibrio della crescita e vede un ribilanciamento dell'espansione economica globale e un performance ancora positiva delle economie dei sette paesi più industrializzati.
ESSEN, Germania (Reuters) - Il comunicato finale del meeting del Gruppo dei Sette conferma le anticipazioni nella parte dedicata ai tassi di cambio, dal momento che non menziona specificamente lo yen e ripete in larga parte il messaggio lanciato lo scorso settembre dal G7 di Singapore.
Sulla crescita il testo finale indica minori rischi grazie a costi energetici ridotti e a una moderazione delle pressioni sui prezzi al consumo.
Non manca poi, sempre in linea alle indiscrezioni, un nuovo invito a Pechino per una maggiore flessibilità del cambio insieme alla constatazione della ripresa del ciclo giapponese.
"La ripresa economica del Giappone è sulla buona strada e dovrebbe proseguire. Siamo fiduciosi che le implicazioni di tali sviluppi saranno riconosciute dagli attori sui mercati finanziari e anche incorporate nelle valutazioni sui rischi" si legge nel documento.
"Ribadiamo che i tassi di cambio dovrebbero riflettere i fondamentali dell'economia. Un eccesso di volatilità e brusche oscillazioni sul mercato valutario non sono auspicabili per la crescita economica . Continuiamo a monitorare da vicino il mercato dei cambi e cooperare come appropriato" dice il paragrafo dedicato al mercato valutario.
"Per le economie emergenti con un pesante avanzo commerciale, in particolare per la Cina, sarebbe auspicabile una maggiore flessibilità del cambio in modo che avvengano gli aggiustamenti necessari" continua il testo, pressoché identico a quello diffuso al termine dell'ultima riunione G7 dello scorso settembre a Singapore.
Il documento parla poi di una diminuzione dei rischi per la crescita globale legata al clima di rientro dei costi energetici e alla moderazione delle pressioni inflative.
I Sette accolgono poi con favore l'impegno del governo cinese per un riequilibrio della crescita e vede un ribilanciamento dell'espansione economica globale e un performance ancora positiva delle economie dei sette paesi più industrializzati.
gipa69
collegio dei patafisici
Reuters - Sab 10 Feb, 14:45
ESSEN, Germania (Reuters) - Il numero uno del Fondo monetario internazionale Rodrigo Rato loda la politica di Tokyo degli ultimi anni, che ha optato per un non intervento sul mercato dei cambi, ed è del parere che il tasso di cambio dello yen sia determinato dal libero mercato.
"Come sappiamo la divisa giapponese fluttua liberamente.. . le autorità giapponesi hanno smesso di intervenire negli ultimi anni e credo sia una buona politica", ha detto alla stampa durante gli incontri del G7 nella città tedesca di Essen.
In risposta alle domande dei cronisti Rato ricorda che gli investitori devono essere consapevoli sia dei rischi sia delle opportunità di guadagno dei legate ai 'carry trades' - operazioni in cui ci indebita in valute a basso rendimento per investire in asset a maggiore redditività e considerata come tra le principali cause della svalutazione dello yen.
ESSEN, Germania (Reuters) - Il numero uno del Fondo monetario internazionale Rodrigo Rato loda la politica di Tokyo degli ultimi anni, che ha optato per un non intervento sul mercato dei cambi, ed è del parere che il tasso di cambio dello yen sia determinato dal libero mercato.
"Come sappiamo la divisa giapponese fluttua liberamente.. . le autorità giapponesi hanno smesso di intervenire negli ultimi anni e credo sia una buona politica", ha detto alla stampa durante gli incontri del G7 nella città tedesca di Essen.
In risposta alle domande dei cronisti Rato ricorda che gli investitori devono essere consapevoli sia dei rischi sia delle opportunità di guadagno dei legate ai 'carry trades' - operazioni in cui ci indebita in valute a basso rendimento per investire in asset a maggiore redditività e considerata come tra le principali cause della svalutazione dello yen.
gipa69
collegio dei patafisici
Adds quotes)
ESSEN, Germany, Feb 10 (Reuters) - The Group of Seven richest nations vowed on Saturday to push ahead with better scrutiny for hedge funds, calling for vigilance on the risks posed by the $1.5 trillion industry.
The G7 asked the international Financial Stability Forum to take a fresh look at hedge funds and report back in time for the next meeting of major industrialised nations in May.
"Given the strong growth of the hedge fund industry and the instruments they trade, we need to be vigilant," the final G7 communique said, confirming the words a G7 source had earlier told Reuters would be used.
"The assessment of potential systemic and operational risks associated with these activities has become more complex and challenging."
The rapid expansion of hedge funds is causing concern for policymakers because of the often-risky nature of their trading strategies and potential repercussions for global financial markets if a large fund runs into difficulties.
German Finance Minister Peer Steinbrueck, who had put hedge fund transparency on the agenda for this weekend's meeting of G7 finance officials in the industrial city of Essen, said officials would also meet with hedge fund management to work on industry initiatives, such as common standards.
"We will work towards hedge funds developing best practices," Steinbrueck said, noting that hedge funds also made a positive contribution to financial markets.
But Bundesbank President Axel Weber said: "Using (the word 'vigilance') should signal that we are everything other than relaxed about the systemic risksthat could arise."
COMMON GROUND?
The G7's decision indicated that common ground had been found between Germany and key partners Britain and the United States -- both of which have sizeable hedge fund sectors and have been more sceptical of the need for a regulatory clampdown.
U.S. Treasury Secretary Henry Paulson said market discipline among regulated counterparties was the best way to minimise hedge fund risk
European Central Bank President Jean-Claude Trichet said talks on improving transparency in the industry were "a work in progress" but self-assessment and a voluntary code of conduct were more likely than regulation as a first step.
Britain's light-touch to regulation has made it a thriving hedge fund centre. Seventy percent of Europe's hedge funds are based in London and around 90 percent do their banking there.
Germany has recently toned down its rhetoric on hedge fund regulation, talking up the idea of a voluntary code of conduct rather than a heavy-handed clampdown. That call for greater transparency has been a unifying theme.
The Financial Stability Forum was established in 1999 in reaction to the Asia currency crisis that rocked foreign exchange markets. The group enables high-level financial authorities from the world's most important economies to watch financial risks, share information and steer regulation.
The Group of Seven rich countries -- the U.S., Japan, Germany, Britain, France, Italy and Canada -- are all members of the FSF, as well as Australia, Hong Kong, the Netherlands and Singapore. International financial institutions and regulators are also members.
Forum chairman Mario Draghi, who also heads the Bank of Italy, said a preliminary report would be presented at the next International Monetary Fund meeting in April.
ESSEN, Germany, Feb 10 (Reuters) - The Group of Seven richest nations vowed on Saturday to push ahead with better scrutiny for hedge funds, calling for vigilance on the risks posed by the $1.5 trillion industry.
The G7 asked the international Financial Stability Forum to take a fresh look at hedge funds and report back in time for the next meeting of major industrialised nations in May.
"Given the strong growth of the hedge fund industry and the instruments they trade, we need to be vigilant," the final G7 communique said, confirming the words a G7 source had earlier told Reuters would be used.
"The assessment of potential systemic and operational risks associated with these activities has become more complex and challenging."
The rapid expansion of hedge funds is causing concern for policymakers because of the often-risky nature of their trading strategies and potential repercussions for global financial markets if a large fund runs into difficulties.
German Finance Minister Peer Steinbrueck, who had put hedge fund transparency on the agenda for this weekend's meeting of G7 finance officials in the industrial city of Essen, said officials would also meet with hedge fund management to work on industry initiatives, such as common standards.
"We will work towards hedge funds developing best practices," Steinbrueck said, noting that hedge funds also made a positive contribution to financial markets.
But Bundesbank President Axel Weber said: "Using (the word 'vigilance') should signal that we are everything other than relaxed about the systemic risksthat could arise."
COMMON GROUND?
The G7's decision indicated that common ground had been found between Germany and key partners Britain and the United States -- both of which have sizeable hedge fund sectors and have been more sceptical of the need for a regulatory clampdown.
U.S. Treasury Secretary Henry Paulson said market discipline among regulated counterparties was the best way to minimise hedge fund risk
European Central Bank President Jean-Claude Trichet said talks on improving transparency in the industry were "a work in progress" but self-assessment and a voluntary code of conduct were more likely than regulation as a first step.
Britain's light-touch to regulation has made it a thriving hedge fund centre. Seventy percent of Europe's hedge funds are based in London and around 90 percent do their banking there.
Germany has recently toned down its rhetoric on hedge fund regulation, talking up the idea of a voluntary code of conduct rather than a heavy-handed clampdown. That call for greater transparency has been a unifying theme.
The Financial Stability Forum was established in 1999 in reaction to the Asia currency crisis that rocked foreign exchange markets. The group enables high-level financial authorities from the world's most important economies to watch financial risks, share information and steer regulation.
The Group of Seven rich countries -- the U.S., Japan, Germany, Britain, France, Italy and Canada -- are all members of the FSF, as well as Australia, Hong Kong, the Netherlands and Singapore. International financial institutions and regulators are also members.
Forum chairman Mario Draghi, who also heads the Bank of Italy, said a preliminary report would be presented at the next International Monetary Fund meeting in April.
gipa69
collegio dei patafisici
ESSEN, Germany, Feb 10 (Reuters) - The Group of Seven richest nations vowed on Saturday to push ahead with better scrutiny for hedge funds, calling for vigilance on the risks posed by the $1.5 trillion industry.
The G7 asked the international Financial Stability Forum to take a fresh look at hedge funds and report back in time for the next meeting of major industrialised nations in May.
"Given the strong growth of the hedge fund industry and the instruments they trade, we need to be vigilant," the final G7 communique said, confirming the words a G7 source had earlier told Reuters would be used.
"The assessment of potential systemic and operational risks associated with these activities has become more complex and challenging."
The rapid expansion of hedge funds is causing concern for policymakers because of the often-risky nature of their trading strategies and potential repercussions for global financial markets if a large fund runs into difficulties.
German Finance Minister Peer Steinbrueck, who had put hedge fund transparency on the agenda for this weekend's meeting of G7 finance officials in the industrial city of Essen, said officials would also meet with hedge fund management to work on industry initiatives, such as common standards.
"We will work towards hedge funds developing best practices," Steinbrueck said, noting that hedge funds also made a positive contribution to financial markets.
But Bundesbank President Axel Weber said: "Using (the word 'vigilance') should signal that we are everything other than relaxed about the systemic risksthat could arise."
The G7's decision indicated that common ground had been found between Germany and key partners Britain and the United States -- both of which have sizeable hedge fund sectors and have been more sceptical of the need for a regulatory clampdown.
U.S. Treasury Secretary Henry Paulson said market discipline among regulated counterparties was the best way to minimise hedge fund risk
European Central Bank President Jean-Claude Trichet said talks on improving transparency in the industry were "a work in progress" but self-assessment and a voluntary code of conduct were more likely than regulation as a first step.
Britain's light-touch to regulation has made it a thriving hedge fund centre. Seventy percent of Europe's hedge funds are based in London and around 90 percent do their banking there.
Germany has recently toned down its rhetoric on hedge fund regulation, talking up the idea of a voluntary code of conduct rather than a heavy-handed clampdown. That call for greater transparency has been a unifying theme.
The Financial Stability Forum was established in 1999 in reaction to the Asia currency crisis that rocked foreign exchange markets. The group enables high-level financial authorities from the world's most important economies to watch financial risks, share information and steer regulation.
The Group of Seven rich countries -- the U.S., Japan, Germany, Britain, France, Italy and Canada -- are all members of the FSF, as well as Australia, Hong Kong, the Netherlands and Singapore. International financial institutions and regulators are also members.
Forum chairman Mario Draghi, who also heads the Bank of Italy, said a preliminary report would be presented at the next International Monetary Fund meeting in April.
The G7 asked the international Financial Stability Forum to take a fresh look at hedge funds and report back in time for the next meeting of major industrialised nations in May.
"Given the strong growth of the hedge fund industry and the instruments they trade, we need to be vigilant," the final G7 communique said, confirming the words a G7 source had earlier told Reuters would be used.
"The assessment of potential systemic and operational risks associated with these activities has become more complex and challenging."
The rapid expansion of hedge funds is causing concern for policymakers because of the often-risky nature of their trading strategies and potential repercussions for global financial markets if a large fund runs into difficulties.
German Finance Minister Peer Steinbrueck, who had put hedge fund transparency on the agenda for this weekend's meeting of G7 finance officials in the industrial city of Essen, said officials would also meet with hedge fund management to work on industry initiatives, such as common standards.
"We will work towards hedge funds developing best practices," Steinbrueck said, noting that hedge funds also made a positive contribution to financial markets.
But Bundesbank President Axel Weber said: "Using (the word 'vigilance') should signal that we are everything other than relaxed about the systemic risksthat could arise."
The G7's decision indicated that common ground had been found between Germany and key partners Britain and the United States -- both of which have sizeable hedge fund sectors and have been more sceptical of the need for a regulatory clampdown.
U.S. Treasury Secretary Henry Paulson said market discipline among regulated counterparties was the best way to minimise hedge fund risk
European Central Bank President Jean-Claude Trichet said talks on improving transparency in the industry were "a work in progress" but self-assessment and a voluntary code of conduct were more likely than regulation as a first step.
Britain's light-touch to regulation has made it a thriving hedge fund centre. Seventy percent of Europe's hedge funds are based in London and around 90 percent do their banking there.
Germany has recently toned down its rhetoric on hedge fund regulation, talking up the idea of a voluntary code of conduct rather than a heavy-handed clampdown. That call for greater transparency has been a unifying theme.
The Financial Stability Forum was established in 1999 in reaction to the Asia currency crisis that rocked foreign exchange markets. The group enables high-level financial authorities from the world's most important economies to watch financial risks, share information and steer regulation.
The Group of Seven rich countries -- the U.S., Japan, Germany, Britain, France, Italy and Canada -- are all members of the FSF, as well as Australia, Hong Kong, the Netherlands and Singapore. International financial institutions and regulators are also members.
Forum chairman Mario Draghi, who also heads the Bank of Italy, said a preliminary report would be presented at the next International Monetary Fund meeting in April.
gipa69
collegio dei patafisici
G7 tackles yen slide with carry trade warning
Sat Feb 10, 2007 12:11pm ET
By Swaha Pattanaik
ESSEN, Germany, Feb 10 (Reuters) - The Group of Seven industrial nations opted on Saturday to address yen weakness by speaking out against currency market bets which have fuelled the yen's slide rather than by criticising Japanese economic policy.
Rather than clubbing Tokyo for keeping interest rates low, a statement issued by G7 finance officials meeting in Essen said they expected markets to take account of economic developments, including a recovering Japanese economy, when assessing risks.
Keen to leave no room for misunderstanding, one G7 official after the other warned of the risk of carry trades, which have helped push the yen to record lows against the euro <EURJPY> as investors have exploited low Japanese interest rates to borrow yen and invest the proceeds in higher-yielding markets.
"It is the joint conviction of the finance ministers and central bank presidents that we want the markets to be aware of the risks of very one-way bets, especially on foreign exchange markets -- that includes the problems in particular from carry trades," German Finance Minister Peer Steinbrueck told a news conference after chairing the the G7 meeting.
European Central Bank President Jean-Claude Trichet echoed the sentiment at a separate news conference.
"We want the markets to be aware of the risks of one-way bets, in particular on the foreign exchange market," Trichet said, adding he was not talking only about yen-based carry trades.
"One-way bets in the present circumstances would not be, it seems to us, appropriate. We want the markets to be aware of the risks they contain," he said
PERFECT CHORUS
While U.S. Treasury Secretary Henry Paulson declined public comment on carry trades, Bank of Canada Governor David Dodge was more forthright.
"Clearly, we do want markets to be aware of the risks of taking one-way bets on anything and so it's there, quite clearly, to say that," Dodge told reporters, refering to the G7 statement.
"Very simply, don't take a one-way bet on where any particular currency or pair of currency relationship is going."
Italian Economy Minister Tommaso Padoa-Schioppa delivered the same message, saying the G7 statement aimed to draw financial markets attention to risks.
"It expresses the desire that the markets should be aware, especially on foreign exchange, that risk is not all one-way," he said at a news conference.
Japan chimed in with a very similarly worded explanation of exactly what the G7 statement intended to convey.
"This means that G7 countries think that markets, particularly forex markets, should recognise the risk of moving in one direction too heavily," Japanese Finance Minister Omi told reporters.
Omi declined to comment on whether the statement was targeting yen carry trades and it was unclear whether strong-arm tactics had been needed to persuade Japan to sign up to the chorus of comments on the risks of one-way trades.
However, a G7 official said it was in Tokyo's own interest to ensure carry trades involving the yen did not burgeon too much. (additional reporting by Jan Strupczewski, Francesca Landini, Hideyuki Sano, Paul Carrel)
Sat Feb 10, 2007 12:11pm ET
By Swaha Pattanaik
ESSEN, Germany, Feb 10 (Reuters) - The Group of Seven industrial nations opted on Saturday to address yen weakness by speaking out against currency market bets which have fuelled the yen's slide rather than by criticising Japanese economic policy.
Rather than clubbing Tokyo for keeping interest rates low, a statement issued by G7 finance officials meeting in Essen said they expected markets to take account of economic developments, including a recovering Japanese economy, when assessing risks.
Keen to leave no room for misunderstanding, one G7 official after the other warned of the risk of carry trades, which have helped push the yen to record lows against the euro <EURJPY> as investors have exploited low Japanese interest rates to borrow yen and invest the proceeds in higher-yielding markets.
"It is the joint conviction of the finance ministers and central bank presidents that we want the markets to be aware of the risks of very one-way bets, especially on foreign exchange markets -- that includes the problems in particular from carry trades," German Finance Minister Peer Steinbrueck told a news conference after chairing the the G7 meeting.
European Central Bank President Jean-Claude Trichet echoed the sentiment at a separate news conference.
"We want the markets to be aware of the risks of one-way bets, in particular on the foreign exchange market," Trichet said, adding he was not talking only about yen-based carry trades.
"One-way bets in the present circumstances would not be, it seems to us, appropriate. We want the markets to be aware of the risks they contain," he said
PERFECT CHORUS
While U.S. Treasury Secretary Henry Paulson declined public comment on carry trades, Bank of Canada Governor David Dodge was more forthright.
"Clearly, we do want markets to be aware of the risks of taking one-way bets on anything and so it's there, quite clearly, to say that," Dodge told reporters, refering to the G7 statement.
"Very simply, don't take a one-way bet on where any particular currency or pair of currency relationship is going."
Italian Economy Minister Tommaso Padoa-Schioppa delivered the same message, saying the G7 statement aimed to draw financial markets attention to risks.
"It expresses the desire that the markets should be aware, especially on foreign exchange, that risk is not all one-way," he said at a news conference.
Japan chimed in with a very similarly worded explanation of exactly what the G7 statement intended to convey.
"This means that G7 countries think that markets, particularly forex markets, should recognise the risk of moving in one direction too heavily," Japanese Finance Minister Omi told reporters.
Omi declined to comment on whether the statement was targeting yen carry trades and it was unclear whether strong-arm tactics had been needed to persuade Japan to sign up to the chorus of comments on the risks of one-way trades.
However, a G7 official said it was in Tokyo's own interest to ensure carry trades involving the yen did not burgeon too much. (additional reporting by Jan Strupczewski, Francesca Landini, Hideyuki Sano, Paul Carrel)
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