Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (8 lettori)

[Zuzzurellone]

ATHENS, Nov 16 (Reuters) - Greece sold 390 million euros of
three-month T-bills on Tuesday with yields rising in line with
analysts' expectations on concerns about the euro zone debt
crisis and the upward revision of Greek deficit and debt. The yield rose to 4.1 percent from 3.75 percent at the
previous sale on Oct. 19. Dealers had expected it somewhere
between 4.0 and 4.2 percent. "The rising yield reflects heightened concerns about Ireland
and Portugal and partly also the revision of Greece's deficit,"
said Stelios Vyzantinopoulos, senior fixed-income trader at
Marfin Bank. Euro zone finance ministers meet later on Tuesday to try to
find a way out of Ireland's debt crisis. European Union
statistics agency Eurostat on Monday revised upwards Greece's
debt and deficit for 2009. [ID:nLDE6AE2AI] Effectively shut out from international bond markets as
borrowing costs soared, Greece was thrown a 110 billion euro
($153.7 billion) lifeline by euro zone partners and the
International Monetary Fund in May. Foreigners bought between 35 and 40 percent of Tuesday's
offer, compared with more than half of the previous sale, Public
Debt Management Agency head Petros Christodoulou told Reuters. "This (the sale) is very satisfying. It gives ground for
optimism as the yield widened by just 35 basis points, when the
two-year yield climbed by over 300 basis points from October,"
he said. The bid-cover ratio was 4.98 versus 5.19 in the previous
auction.

 

[tommy271]

Greece Sells EUR390 Mln 13-Week T-Bills



Greece’s Public Debt Management Agency Tuesday said it auctioned EUR390 million of 13-week Treasury bills, Dow Jones Newswires reports.

The amount sold includes a 30% non-competitive tranche above the EUR300 million offered.

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

Issue 13-week t-bills
Maturity Feb. 18, 2011
Amount on offer 300 mln
Bids received 1.494 bln
Bids accepted 390 mln
Bid-to-cover ratio 4.98 (5.19)
Uniform yield 4.10% (3.75%)
Cut-off price 98.974 (99.061)
Settlement date Nov. 19, 2010

(Capital.gr)

***
Nel dettaglio...

 

[tommy271]

Greek Market Slows On Tuesday



Athens stocks are weaker on Tuesday with slow trading activity and low turnover.

Analysts say that investors are on the sidelines and note that market was calm yesterday after the release of the revised budget and debt figures, but uncertainty over the implementation of the fiscal programme persist.

“Despite the fact that several pending issues seem to be closing, speculation on debt restructuring, as a result of the revised figures, comes to put obstacles to ATHEX’s short/medium term march, holding investors on the sidelines. On the other hand, the budget targets for FY11 (out this Thursday) could clarify things and improve sentiment.

As for today, one more nerveless session should be awaited with the risk lying to the downside,” Marfin Analysis says in its morning report.
Across the board, the General Index drops 0.86% at 1,497.12 on a total turnover of 17.16 mil. euro.

(Capital.gr)

 

[g.ln]

mio pensiero personale

sperem di no, come dice Ferdo
Ciao, Giuseppe

 

[tommy271]

mio pensiero personale

A quanto ci è dato sapere (a tutt'oggi) se ne potrà parlare a partire dal 2013.
Se la Grecia chiederà l'intervento del Fondo Europeo di Emergenza.

 

[tommy271]

Deutsche Bank’s Jain Doesn’t See Euro Country Default

November 16, 2010, 6:29 AM EST

By Aaron Kirchfeld and Simone Meier
(Updates with comment on markets in last paragraph.)



Nov. 16 (Bloomberg) -- Deutsche Bank AG’s head of investment banking, Anshu Jain, said he doesn’t think Ireland, Portugal or Greece will default in the near future because European regulators are aware of the consequences.

“It is unlikely that any of these countries will default on their payment obligations in the near future,” Jain said at a conference in Frankfurt today. “The consequences of default are significant and well enough known to all the regulators so we’re counting on sensible resolution mechanisms short of default.”

Speculation about Ireland requiring aid from the European Union has reignited concerns about a resurgent debt crisis. The Irish turmoil marks a new stage in a sovereign debt crisis that was triggered by Greece and threatened to break the euro region apart in May. Irish bonds jumped yesterday as traders bet on a rescue at today’s Brussels meeting.

The global market outlook in 2011 “will be driven by the continuing aftershocks of the financial crisis,” Jain said in his speech. He expects a challenging refinancing environment in sovereign debt markets of the peripheral economies in the euro zone, “anemic” growth in mature economies and a shift of power to emerging nations such as China, he said.

Global equity markets including Germany’s benchmark DAX will maintain gains and should increase another 10 percent to 20 percent next year, Jain said.

(Bloomberg)

***
Conflitto di interessi ...

 

[Zuzzurellone]

Un filo...

Per chi volesse sorridere leggendo cosa se ne diceva sei mesi fa:

FT Alphaville Who’s buying Greek bonds?

 

[tommy271]

Anche oggi, dobbiamo registrare un'oscillazione regolare sui nostri GGB: spread/bund sempre intorno a 900 pb.

Ormai le boe le abbiamo doppiate tutte.

Attendiamo l'Ecofin e poi tutto quello che passerà sopra la Grecia...

 

[tommy271]

T-bill auction successful


Greece on Tuesday successfully auctioned a three-month Treasury bills issue raising 390 million euros from the market. The Public Debt Management Organisation accepted bids totaling 300 million euros and non-competitive bids totaling 90 million euros, although at a higher cost. The interest of the Treasury bills rose to 4.10 pct, up from 3.75 pct in the previous auction of same securities in October. The issue was 4.98 times oversubscribed. Settlement date was set Friday 19, November.


(ana.gr)


***
Azz. anche i greci sbagliano... devono fare il raffronto con l'asta di settimana scorsa (sempre trimestrale) e vedranno che i rendimenti pagati sono leggermente più bassi.
Ad ottobre era andata con i fiocchi perchè il secondario era risalito.

 

[tommy271]

Development Minister briefs 'troika'



ANA-MPA/Regional Development and Competitiveness minister Michalis Chryssohoidis on Tuesday predicted a de-escalation of inflation in Greece to 2-3 percent from the current 5.4 percent, speaking after a meeting with a team of European Commission (EC), European Central Bank (ECB) and International Monetary Fund (IMF) 'troika' experts who arrived in Athens on Monday for a scheduled review and progress report of the Greek economy ahead of the disbursement of a 9 billion euros third tranche of the 110 billion euros EU-IMF support loan to Greece.


The absorption rate of the National Strategic Reference Framework (ESPA) has already neared 15 percent and will close at 17-18 percent at the end of the year, contributing to a rekindling and restart of the Greek economy, he added.


Chryssohoidis also forecast that inflation will cease to be a major topic of discussion in the coming period, given that the rise in the rate last year had resulted from an increase in taxes which, he added, will not continue.


He further said that prices would fall in both products and services, adding that the process has already begun and in the previous month net inflation had increased by just 0.03 percent.


The minister said his ministry aims to move the focus from the fiscal problem to growth, the creation of new enterprises and new jobs, and announced that a bill on the establishment of a Greek Entrepreneurship and Development Fund -- the 'evolution' of the current Guarantee Fund for Small and Micro Businesses (TEMPME) -- and its funding with 460 million euros from the ESPA, will be submitted to the Cabinet at its meeting on Thursday.


(ana.gr)