Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (3 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
tommy271
Forumer storico
dai grecia vai su, fai la brava.
da queste parte gira voce, che i cinesi si vogliono comprare un po tutto...
qualche cosa giá hanno fatto.
cinesi = nuovi imperialisti
Noi siamo pronti a vendere ... al prezzo giusto
.Sull'ultima frase, ci sarebbe da discutere a lungo.
tommy271
Forumer storico
Bunds Rise on Speculation Fed, Bank of England May Expand Asset Purchases
By Anchalee Worrachate - Oct 4, 2010 4:04 PM GMT+0200 Mon Oct 04 14:04:31 GMT 2010
German 10-year bonds rose for the first time in three days as stock losses and speculation the Federal Reserve and Bank of England may soon expand asset purchases boosted demand for government securities.
Greece’s bonds beat other peripheral debt as its government forecast budget deficits will fall this year and next year. The extra yield investors demand for holding Greek debt instead of German bunds fell for a seventh day, the longest stretch since July last year. New York Fed President William Dudley said Oct. 1 that further policy action by the central bank may be needed to support the U.S. economy.
“Bunds are helped by the probability that the Fed and the Bank of England may soon resume their quantitative-easing programs,” said Nick Stamenkovic, a fixed-income strategist in Edinburgh at RIA Capital Markets Ltd., a broker for banks and money managers. “I don’t expect a strong rally from here given yields are already at extreme levels.”
The 10-year bund yield fell 3 basis points, or 0.03 percentage point, to 2.26 percent at 2:20 p.m. in London. The price of the 2.25 percent security maturing in September 2020 rose 0.22, or 2.2 euros per 1,000-euro ($1,372) face amount, to 99.92. The 2-year yield slipped 3 basis points to 0.83 percent.
Greece’s Bonds
Greece’s bonds stayed higher after the government forecast its budget deficit as a percentage of gross domestic product will fall to 7.8 percent this year and to 7 percent next year from 13.6 percent in 2009.
Prime Minister George Papandreou, elected a year ago today, is trying to show investors that Greece can stay the course of a deficit-cutting drive that has slashed wages and pensions and led to street protests. Greece is seeking to return to bond markets next year after investor concern that the country would default on 300 billion euros of debt led to a surge in borrowing costs and prompted the EU-led rescue.
“It’s a very challenging budget,” said Nicholas Magginas, an economist at National Bank of Greece SA, the country’s largest lender. “It is increasingly likely that a less optimistic projection for revenue will be adopted. There will also be pressure to even that out with more spending cuts.”
Irish bonds extended gains even after the country’s central bank cut its forecast for economic growth this year and next.
Peripheral Debt
The yield on 10-year Greek securities fell 15 basis points to 10.10 percent, while the Irish yield declined 14 basis points to 6.40 percent. The Spanish bond yield of the same maturity declined 4 basis points to 4.08 percent.
The difference in yield between 10-year Greek bonds and German bunds fell to 773 basis points from 785 basis points last week after Chinese Prime Minister Wen Jiabao told Greek lawmakers in Athens yesterday that China supports a stable euro and won’t reduce its holdings of European bonds.
Greek bonds gained almost 5 percent in the third quarter, the first positive return since the third quarter of 2009. The gain beat a 2 percent return from German debt during the same period, according to indexes compiled by Bloomberg and the European Federation of Financial Analysts Societies.
Fed policy makers are now debating how to deploy tools for more unconventional easing as two top officials indicated action may be needed to reduce unemployment. Speculation that they might start buying bonds supported demand for government debt.
“Further action is likely to be warranted unless the economic outlook evolves in a way that makes me more confident that we will see better outcomes for both employment and inflation before too long,” the Fed’s Dudley said last week.
Dudley estimated that $500 billion of purchases would add as much stimulus as reducing the Fed’s benchmark rate by 0.5 percentage point to 0.75 percentage point, depending on how long investors expect the Fed to hold the assets. The Fed has kept the target rate for overnight loans at a record-low range of zero to 0.25 percent since December 2008.
Further gains in German bonds may be limited ahead of bond sales on Oct. 6. Germany plans to sell as much as 5 billion euros of notes maturing in 2012 and one billion euros of 10-year inflation-protected debt. France will sell bonds maturing in 2020, 2026 and 2029 on Oct. 7.
(Bloomberg)
By Anchalee Worrachate - Oct 4, 2010 4:04 PM GMT+0200 Mon Oct 04 14:04:31 GMT 2010
German 10-year bonds rose for the first time in three days as stock losses and speculation the Federal Reserve and Bank of England may soon expand asset purchases boosted demand for government securities.
Greece’s bonds beat other peripheral debt as its government forecast budget deficits will fall this year and next year. The extra yield investors demand for holding Greek debt instead of German bunds fell for a seventh day, the longest stretch since July last year. New York Fed President William Dudley said Oct. 1 that further policy action by the central bank may be needed to support the U.S. economy.
“Bunds are helped by the probability that the Fed and the Bank of England may soon resume their quantitative-easing programs,” said Nick Stamenkovic, a fixed-income strategist in Edinburgh at RIA Capital Markets Ltd., a broker for banks and money managers. “I don’t expect a strong rally from here given yields are already at extreme levels.”
The 10-year bund yield fell 3 basis points, or 0.03 percentage point, to 2.26 percent at 2:20 p.m. in London. The price of the 2.25 percent security maturing in September 2020 rose 0.22, or 2.2 euros per 1,000-euro ($1,372) face amount, to 99.92. The 2-year yield slipped 3 basis points to 0.83 percent.
Greece’s Bonds
Greece’s bonds stayed higher after the government forecast its budget deficit as a percentage of gross domestic product will fall to 7.8 percent this year and to 7 percent next year from 13.6 percent in 2009.
Prime Minister George Papandreou, elected a year ago today, is trying to show investors that Greece can stay the course of a deficit-cutting drive that has slashed wages and pensions and led to street protests. Greece is seeking to return to bond markets next year after investor concern that the country would default on 300 billion euros of debt led to a surge in borrowing costs and prompted the EU-led rescue.
“It’s a very challenging budget,” said Nicholas Magginas, an economist at National Bank of Greece SA, the country’s largest lender. “It is increasingly likely that a less optimistic projection for revenue will be adopted. There will also be pressure to even that out with more spending cuts.”
Irish bonds extended gains even after the country’s central bank cut its forecast for economic growth this year and next.
Peripheral Debt
The yield on 10-year Greek securities fell 15 basis points to 10.10 percent, while the Irish yield declined 14 basis points to 6.40 percent. The Spanish bond yield of the same maturity declined 4 basis points to 4.08 percent.
The difference in yield between 10-year Greek bonds and German bunds fell to 773 basis points from 785 basis points last week after Chinese Prime Minister Wen Jiabao told Greek lawmakers in Athens yesterday that China supports a stable euro and won’t reduce its holdings of European bonds.
Greek bonds gained almost 5 percent in the third quarter, the first positive return since the third quarter of 2009. The gain beat a 2 percent return from German debt during the same period, according to indexes compiled by Bloomberg and the European Federation of Financial Analysts Societies.
Fed policy makers are now debating how to deploy tools for more unconventional easing as two top officials indicated action may be needed to reduce unemployment. Speculation that they might start buying bonds supported demand for government debt.
“Further action is likely to be warranted unless the economic outlook evolves in a way that makes me more confident that we will see better outcomes for both employment and inflation before too long,” the Fed’s Dudley said last week.
Dudley estimated that $500 billion of purchases would add as much stimulus as reducing the Fed’s benchmark rate by 0.5 percentage point to 0.75 percentage point, depending on how long investors expect the Fed to hold the assets. The Fed has kept the target rate for overnight loans at a record-low range of zero to 0.25 percent since December 2008.
Further gains in German bonds may be limited ahead of bond sales on Oct. 6. Germany plans to sell as much as 5 billion euros of notes maturing in 2012 and one billion euros of 10-year inflation-protected debt. France will sell bonds maturing in 2020, 2026 and 2029 on Oct. 7.
(Bloomberg)
giutrader
Forumer attivo
Come fai a parlare di fallimento dopo il rally delle ultime settimane? Bisogna mantenere sempre i piedi per terra... pero' non voglio vedere il pessimismo di Gaudente in te
tommy271
Forumer storico
Come fai a parlare di fallimento dopo il rally delle ultime settimane? Bisogna mantenere sempre i piedi per terra... pero' non voglio vedere il pessimismo di Gaudente in te
Giutrader, parlavo in generale
.Ho sempre creduto poco nel default, ora ancora meno ...
Le posizioni le ho sempre mantenute.
g.ln
Triplo Panico: comprare
coerenza
Anche nei momenti più bui, la luce di un lucido e ragionato ottimismo è venuta da Tommy.
ciao, ciao, Giuseppe
ps: oggi superato il pmc su due dei tre titoli greci in ptf
Giutrader, parlavo in generale
Ho sempre creduto poco nel default, ora ancora meno ...
Le posizioni le ho sempre mantenute.
Anche nei momenti più bui, la luce di un lucido e ragionato ottimismo è venuta da Tommy.
ciao, ciao, Giuseppe
ps: oggi superato il pmc su due dei tre titoli greci in ptf
tommy271
Forumer storico
Anche nei momenti più bui, la luce di un lucido e ragionato ottimismo è venuta da Tommy.
ciao, ciao, Giuseppe
ps: oggi superato il pmc su due dei tre titoli greci in ptf
Stavo facendo quattro conti e notavo che il trend di restringimento sugli spread/bund decennali è ormai in corso da venerdì 24 settembre con un'accelerazione a partire da giovedì 30.
Proprio da quest'ultima data il trend di restringimento è molto regolare, intorno ai 30 punti base giornalieri.
Tanto per avere un'idea (dati di chiusura):
22.09: 888 pb.
23.09: 896 pb.
24.09: 893 pb.
27.09: 885 pb.
28.09: 878 pb.
29.09: 867 pb.
30.09: 835 pb.
01.10: 804 pb.
04.10: 784 pb. (provvisorio)
tommy271
Forumer storico
g.ln
Triplo Panico: comprare
Discesa e convergenza
Perbacco, più di 100 pb dal 22 settembre ad oggi!!!
Speriamo che continui, io mi accontento anche di dieci al giorno fino alla fine del mese, e poi si raggiunge la quasi convergenza (per me positiva) con Irlanda e Portogallo, di cui parlavo giorni fa.
Ciao, Giuseppe
Perbacco, più di 100 pb dal 22 settembre ad oggi!!!
Speriamo che continui, io mi accontento anche di dieci al giorno fino alla fine del mese
, e poi si raggiunge la quasi convergenza (per me positiva) con Irlanda e Portogallo, di cui parlavo giorni fa.Ciao, Giuseppe
mb1
Nuovo forumer
Gr0338001531
Saluti a tutti, mi hanno consigliato di prender alcune di queste obbligazioni, ma sulle indicizzate all'inflazione non ne so nulla. Cortesemente mi potreste illuminarmi su questo tipo di obbligazioni ed in special modo su quella in oggetto? Grazie a chi vorra' in parole semplici aiutarmi
Saluti a tutti, mi hanno consigliato di prender alcune di queste obbligazioni, ma sulle indicizzate all'inflazione non ne so nulla. Cortesemente mi potreste illuminarmi su questo tipo di obbligazioni ed in special modo su quella in oggetto? Grazie a chi vorra' in parole semplici aiutarmi
- Stato