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

[Imark]

OTC ieri... ancora in declino i prezzi, seppure meno marcato di quello visto nei primi giorni della settimana... continua la tendenza all'appiattimento della curva lungo la sua parte intermedia, dal 2013 al 2019, con rendimenti lordi compresi fra il 12,6% (2013-2014) e l'11,9% (2019).

Cedono terreno anche i titoli più lunghi, stavolta in misura percentuale leggermente più marcata di altri, con cali nell'ordine dell'1%.

il 2013 - 83,55 (BBML) 83,86 (Xtrakter);
il 2014 - 79,49 (BBML) 79,39 (Xtrakter);
il 2015 - 78,58 (BBML) 78,44 (Xtrakter);
il 2016 - 66,07 (BBML) 66,07 (Xtrakter);
il 2017 - 64,71 (BBML) 64,92 (Xtrakter);
il 2018 - 63,67 (BBML) 63,77 (Xtrakter);
il 2019 6% 69,23 (BBML) 69,21 (Xtrakter);
il 2019 6.5% 70,97 (BBML) 71,25 (Xtrakter);
il 2022 - 70,18 (BBML) 70,41 (Xtrakter);
il 2024 - 61,27 (BBML) 61,62 (Xtrakter);
il 2026 - 63,22 (BBML) 63,35 (Xtrakter);
il 2037 - 54,84 (BBML) 55,00 (Xtrakter);
il 2040 - 54,83 (BBML) 54,77 (Xtrakter);

GGBei 2025 - 52,39 (BBML), non significativo su Xtrakter
GGBei 2030 - 49,39 (BBML), non significativo su Xtrakter

OTC ieri: giornata di tregua, con assestamenti di prezzi e rimbalzi. Nessuna sostanziale novità se non l'arresto della caduta dei corsi. Pressoché nullo l'effetto del buon risultato elettorale del Pasok (come d'altronde era lecito attendersi, giacché i destini della Grecia come debitore si decidono altrove, salvo che per l'eventuale decisione dei greci di sottrarsi ai propri obblighi)

il 2013 - 83,35 (BBML) 83,46 (Xtrakter);
il 2014 - 79,12 (BBML) 79,30 (Xtrakter);
il 2015 - 78,44 (BBML) 78,86 (Xtrakter);
il 2016 - 66,08 (BBML) 66,12 (Xtrakter);
il 2017 - 64,71 (BBML) 64,82 (Xtrakter);
il 2018 - 63,68 (BBML) 64,06 (Xtrakter);
il 2019 6% 69,35 (BBML) 70,10 (Xtrakter);
il 2019 6.5% 70,97 (BBML) 71,56 (Xtrakter);
il 2022 - 70,31 (BBML) 70,37 (Xtrakter);
il 2024 - 61,41 (BBML) 61,63 (Xtrakter);
il 2026 - 63,30 (BBML) 63,33 (Xtrakter);
il 2037 - 55,03 (BBML) 55,49 (Xtrakter);
il 2040 - 55,09 (BBML) 55,40 (Xtrakter);

GGBei 2025 - 52,00 (BBML), non significativo su Xtrakter
GGBei 2030 - 49,98 (BBML), non significativo su Xtrakter

 

[g.ln]

Tregua

OTC ieri: giornata di tregua, con assestamenti di prezzi e rimbalzi. Nessuna sostanziale novità se non l'arresto della caduta dei corsi. Pressoché nullo l'effetto del buon risultato elettorale del Pasok (come d'altronde era lecito attendersi, giacché i destini della Grecia come debitore si decidono altrove, salvo che per l'eventuale decisione dei greci di sottrarsi ai propri obblighi)

Buona giornata agli amici della Grecia. Ai fini speculativi, vediamo se regge la tregua, di cui accenna Imark. Attendo un attimo per nuovi ingressi: se non regge (es. altra dichiarazione sparata dalla Merkel), si potrebbero raggiungere velocemente i prezzi dei primi di maggio, dove penso di entrare con la restante liquidità. Dopo, sperem, come dice Ferdo.
Ciao, ciao, Giuseppe

 

[tommy271]

Merkel backs plan to put burden on bondholders



Tuesday November 09 2010



GERMAN Chancellor Angela Merkel's coalition backs proposals for a two-step crisis mechanism to make bondholders pay for any future euro-area crisis, the parliamentary finance spokesman for her party said yesterday.


"We cannot allow ourselves to be forced into any more fly-by-night actions and rescues made with taxpayers' money," Leo Dautzenberg, a Christian Democratic Union lawmaker, said.
"Banks and other investors must be made to contribute in the event of a sovereign default."

Mr Dautzenberg said he "very much supports" plans by German finance minister Wolfgang Schaeuble to extend the maturity period of government bonds for indebted states that are forced to apply austerity measures.



If necessary, that would then be followed by a second step involving "a wholesale restructuring of all outstanding claims," Mr Dautzenberg said.
Ms Merkel's coalition, trailing the opposition in polls before state elections next year, has been ramping up calls for investors to be held accountable to avert any repeat of the debt crisis that spread from Greece.


That message clashes with European Central Bank president Jean-Claude Trichet, who says such talk risks exacerbating the situation for indebted euro-area nations such as Ireland and Greece as they struggle to reduce their budget deficits.


Mr Schaeuble was working up the proposals in time for a meeting in Brussels next week of European finance ministers, a Finance Ministry spokesman said.


Mr Schaeuble wants contracts for euro-region bonds "to spell out in the future exactly what will happen to the demands of the investor in a crisis situation," 'Spiegel' cited him as saying.


The International Monetary Fund (IMF) should manage the process of applying the crisis mechanism, Mr Schaeuble said.
The European Union is due to draft an outline of its permanent debt-crisis procedure by mid-December. The permanent crisis mechanism, which was agreed on in principle by EU leaders last month, will replace the €750bn EU-IMF rescue fund set up in May once its mandate expires in 2013.


"There's no way that we in Germany want an extension of the rescue fund or can sell that to the taxpayer," Frank Schaeffler, a lawmaker with Merkel's Free Democratic Party coalition partner, said yesterday.
"I have serious fears that there is pressure in the euro region to do just that."
Meanwhile, Mr Trichet, speaking on behalf of the world's central bankers, said the US Federal Reserve's decision to buy more assets was driven by a desire to anchor inflation expectations, not to weaken the dollar.


(Irish Independent)

 

[tommy271]

Greek Market Moves Lower



Athens stocks are weaker on Tuesday, with the rising GGB spread and the upcoming revision of Greece’s 2009 deficit data by Eurostat in the spotlight.

“The Athens market failed to keep yesterday its early gains (+2.96%), moving on low trading volume and missing to retain the ascending momentum provided by the break of the 30-days moving average. All in all it was a quite disappointing course, which renders us cautious as to today΄s session, as we consider that it is most probable for the GI to re-approach the levels of the 1,510 - 1,495 units, which consist the Index΄s intraday 1st and 2nd support levels respectively. We anticipate, however, the market to provide investors with an ascending reaction towards the 1,530 units later during the day, the latter consisting today΄s pivot point,” Pegasus Securities says.

“We would be cautious on ATHEX’s short/medium trend, ahead of Eurostat’s data on country’s FY09 deficit and the extra measures that this could bring about. The market will most probably accumulate at current price levels with the risk lying to the downside as foreign markets do not act supportively. Banks should be in the spotlight,” Marfin Analysis says.

Across the board, the General Index drops 0.92% at 1,512.87, on a total turnover of 24,30 mil. euro.

(Capital.gr)

 

[Topgun1976]

Greek 26-week T-Bill auction for EUR 0.39bln, including EUR 90mln in non-competitive bids, bid/cover 5.15 vs. Prev. 4.22 (yield 4.82% vs. Prev. 4.54%)

 

[tommy271]

Greek 26-week T-Bill auction for EUR 0.39bln, including EUR 90mln in non-competitive bids, bid/cover 5.15 vs. Prev. 4.22 (yield 4.82% vs. Prev. 4.54%)

Grazie Top, sempre più veloce della luce.
Direi un risultato non disprezzabile, visto gli attuali rendimenti rispetto al secondario.
Comunque sempre sotto il 5% della Troika.
Sempre elevatissimo il bid/cover.

 

[tommy271]

Greece’s October CPI Rises 5.2%



The Consumer Price Index recorded a rise of 5.2% in October 2010 compared with October 2009, Greece’s national statistics authority said Tuesday.

In October 2009, the annual rate of change of the CPI was 1.2%.

The CPI in October 2010 compared with September 2010, increased by 0.2%. In October 2009, the monthly rate of change of the CPI was 0.5%.

In the twelve-month period from November 2009 to October 2010 compared with the period from November 2008 to October 2009 the annual average rate of change of the CPI was 4.3%.

The corresponding annual average rate of change of the CPI in the previous year (November 2008 to October 2009), was 1.2%.

(Capital.gr)

 

[tommy271]

Greece Sells EUR390M T-Bills At 4.82%



Greece’s Public Debt Management Agency Tuesday said it sold EUR390 million of 26-week treasury bills, Dow Jones Newswires reports.

The amount sold includes a 30% non-competitive tranche.

Following are details of the auction, with amounts denominated in euros, as quoted by the news agency.

Issue 26-week t-bills
Maturity May 13, 2011
Amount on offer 300 mln
Bids received 1.544 bln
Bids accepted 390 mln
Bid-to-cover ratio 5.15 (4.22)
Uniform yield 4.82% (4.54%)
Cut-off price 97.621 (97.756)
Settlement date Nov. 12, 2010

(Capital.gr)

***
Nel dettaglio ...

 

[Jessica.]

Greek 26-week T-Bill auction for EUR 0.39bln, including EUR 90mln in non-competitive bids, bid/cover 5.15 vs. Prev. 4.22 (yield 4.82% vs. Prev. 4.54%)

...aspettando il default

 

[tommy271]

...aspettando il default

Aggiungerei, cara Jessica, che nonostante tutto la Grecia si finanzia il proprio debito a tassi di interesse più bassi rispetto a Irlanda e Portogallo.
Ma non è una buona cosa per gli altri due, ma è un dato di fatto.