Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1

[tommy271]

GGB/Bund Spreads Continue To Ease



Pressure on Greek Government Bonds continues to ease, with the spread vs German bunds shaping at 770 bps.

Dow Jones Newswires notes that turnover is healthy at EUR95M on the local HDAT and European platforms.

"This is a continuation of the trend we have recently seen established, given attractive yields and progress on deficits and reforms," an analyst told the news agency.

"However, we may see some volatility in the short term if Eurostat revises the 2009 budget deficit higher than the current estimate of 13.6% of GDP," he added.

(Capital.gr)

 

[tommy271]

Greece's Debt, Deficit Figures for 2006-2009 to Be Revised Upward, EU Says

By Jonathan Stearns - Oct 6, 2010 12:44 PM GMT+0200 Wed Oct 06 10:44:26 GMT 2010

The European Union said its estimates for Greece’s budget deficit and government debt will be revised higher for the years 2006-2009.
“There will be an upward revision for the whole package,” spokesman Amadeu Altafaj told reporters in Brussels today. “Areas of uncertainty” remain for Greece’s debt and deficit, he said.
Altafaj gave no indication how big the revisions would be. Eurostat, the EU’s statistics office, will publish the revisions by Oct. 22, he said.
The extra yield demanded by investors to hold 10-year Greek bonds over German bunds rose after the announcement, climbing 6 basis points to 770 basis points.

 

[tommy271]

PM: No change in position on Kosovo


ΑΝΑ-ΜPA/Greece's position on Kosovo has not changed, prime minister George Papandreou said Tuesday night in an interview with B59 radio station in Belgrade during a lighting visit, where he addressed a conference on "Serbia on the Road to Europe" that marked the 10th anniversary of the popular revolt that led to the toppling of the Milosevic regime.


Asked if Greece intends to alter its stance on the Kosovo issue, Papandreou replied: "We have a very close contact with President (of Serbia, Boris) Tadic. We are also in constant contact with the prime minister of Kosovo Hashim Thaci. I speak personally with him. We want to help the dialogue, and so long as we maintain that role, our position remains firm, which allows us to be useful and facilitate the dialogue."


To another question, Papandreou categorically stressed that "no, there is no" recognition of Kosovo.
Asked about Serbia's European prospect Papandreou reiterated that Serbia's future lies in the European Union.


After the last EURO enlargement with 10 new member states, which included Romania and Bulgaria, the pace slowed down, Papandreou said, "but now we are continuing".
Papandreou said an effort was being made to advance the Greek "Agenda 2014" initiative, with 2014 as a symbolic year but also a feasible date for the accession of some countries to the EU.
Serbia is moving ahead, but a new era is also coming in Europe, the Greek premier added.

 

[tommy271]

Greek bond premium falls, peripheral CDS also fall


LONDON | Wed Oct 6, 2010 6:08am EDT


LONDON Oct 6 (Reuters) - The premium investors demand to buy 10-year Greek government bonds rather than benchmark Bunds fell to a two-month low on Wednesday while the cost of insuring peripheral euro zone debt also fell.
The 10-year Greek/German government bond yield spread GR10YT=TWEBDE10YT=TWEB narrowed by 14 basis points on the day to 771 bps - its narrowest since early August.
Meanwhile, the cost of protecting government debt against default in Greece, Portugal and Ireland - the euro zone's frontline stressed sovereigns - fell, according to Credit Default Swaps monitor Markit.
"The whole of the CDS market is tightening -- financials, sovereigns, the main index -- it's just a macro move tracking the stock market," said Markit analyst Gavan Nolan.
European equities .FTEU3 were 0.9 percent higher on the day by 0955 GMT.
Five-year CDS on Greek debt fell by 20 bps on the day to 715 basis points, Portuguese CDS fell by 18 bps to 387 bps and Irish CDS was down 14 bps at 422 bps.
It means the cost falls to 715,000 euros to protect 10 million euros-worth of Greek government bonds.

 

[tommy271]

S&P to Expand Sovereign-Rating Service Amid Call for Caution

By Mark Deen - Oct 6, 2010 1:24 PM GMT+0200 Wed Oct 06 11:24:01 GMT 2010


Standard & Poor’s said its sovereign- ratings division is set to expand even as the International Monetary Fund and the European Union urge tougher regulation of the business and more cautious use of recommendations.
The number of sovereign issuers rated by S&P may grow by 25 to 50 in the next decade from 126 now, S&P said today in a statement. The agency rated just seven countries in 1975.

“More than anything else, the fact that we rate 126 sovereigns underpins our conviction that Standard & Poor’s credit ratings add value in this sector and, as a result, the demand for them is still growing,” David Beers, S&P’s global head of sovereign and international public finance ratings, said in the statement from London.
The expansion prediction is being made as finance ministers from around the world prepare to gather in Washington to discuss global financial regulation at the IMF, which last week issued a report highlighting “flaws” in the sovereign-credit rating system and warning against an “overreliance” on agencies.

Growing scrutiny of ratings companies such as S&P and Moody’s Investors Service is part of the regulatory fallout of the financial crisis. Subprime mortgage securities with top grades plummeted in value in late 2008 and early 2009 as investors questioned their true value.
In Europe, pressure grew after Greece’s rating was cut to junk status by S&P’s in April, adding urgency to plans to bail out the debt-plagued nation. The European Commission said last week it will develop plans to create a European credit-ratings agency and consider new regulations for existing rating companies.

The Brussels-based commission will present proposals to create “a new agency, particularly with a European dimension,” and “new ways of dealing with sovereign-debt ratings by the middle of 2011,” Michel Barnier, the EU’s financial services commissioner, said on Oct. 1.
The “economic and political implications” of sovereign- debt ratings mean “it is particularly important that ratings of this asset class be accurate, timely and transparent,” according to a copy of a proposal obtained by Bloomberg News that was presented by the commission at a meeting of EU finance ministers.

(Bloomberg)

 

[LUP1051]

Benvenuto a bordo .

Acccccc, ordine non eseguito; migliore acquisto, sono uscito convinto (quasi), torno oltre un punto in +++++.

Quasi, quasi,,,,viro sul 37 attualmente in ribasso. Troppo rischio???

 

[ferdo]

Acccccc, ordine non eseguito; migliore acquisto, sono uscito convinto (quasi), torno oltre un punto in +++++.

Quasi, quasi,,,,viro sul 37 attualmente in ribasso. Troppo rischio???

io proverei sulla 2025

 

[LUP1051]

io proverei sulla 2025

Tasso fisso????

Ps) Mi dai l'Isin??, grazie

 

[Jessica.]

io proverei sulla 2025

... sarai mica di parte??

 

[Imark]

Ieri poche novità OTC: andamento laterale, con alcune prese di beneficio su titoli a scadenza anteriore al 2019 e qualche apprezzamento a partire da questa scadenza in avanti, ma modesto... semmai, con il dato di mercoledì sera vi posto un aggiornamento...