Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (2 lettori)

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frmaoro

il Fankazzista
Strano, molto strano che il bond "spazzatura" HELLENIC 3,9% 20/8/2011 oggi abbia chiuso a 98,55.
Qualche riflessione in proposito è gradita.
effettivamente la cosa è strana difficile spiegarla se il mercato scontasse una default drovrebbe costare molto meno
ormai non si capisce più niente grandissimo casino vedremo se la prossima settimana si potra mettere qualche punto fermo alla situazione
 
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ficodindia

Forumer storico
Regola aurea del default.

effettivamente la cosa è strana difficile spiegarla se il mercato scontasse una default drovrebbe costare molto meno
ormai non si capisce più niente grandissimo casino vedremo se la prossima settimana si potra mettere qualche punto fermo alla situazione

Quando un debitore è in default tutti i suoi debiti (bond) diventano esigibili e quindi il loro prezzo si appiattisce al valore probabile di recupero.
Ne consegue che il mercato non è convinto che la Grecia dichiari default, è solo quindi vento speculativo.
 

AAAA47

Forumer storico
Ma non dovrebbe essere una manna per i trader i titoli che salgono e scendono? :D
Quello che conta è l'atteggiamento della BCE e dell'Eurogruppo ;).
I greci potrebbero vendere tutto domani mattina e non cambierebbe la situazione ... :-o.

esatto tommy!
oggi solo sulla 2025 (sembrava regalassero soldi! quasi 500 euro di gain portati a casa :up:) ho fatto 12 eseguiti (

poi l'altro giorno ho venduto a 56 i 40k della 19 5% che avevo preso a 53 quando ero all'aeroporto di salonicco(avevo scritto qui l'operazione), switchando dalla 2018 4,6 a 56,77
quindi 3 punti portati a casa e oggi potevo ricomprare la 2018 a quasi 3 punti meno di quanto l'avevo venduta, pero' ormai mi sto concentrando sulla 2025 (che penso sia l'UNICA, tranne le brevissime, che e' ancora sopra ai minimi dell'anno scorso (minimi che poi non ha mai piu' toccato)
vediamo un po' come va a finire
pero' se continua cosi', le occasioni per fare trading non mancano, ma vedo che molti rimangono immobili nelle loro posizioni, non sfruttando i disallineamenti che spesso si vedono
per me, meglio cosi'
meno siamo a farci guerra sui book, meglio e'
 

AAAA47

Forumer storico
è pur sempre un rendimento annualizzato del 9 % circa per un bond che scade tra 3 mesi:eek:

e' anche altamente illiquido
prova a comprarne qualche milione, vedi come arriva a 100 in un attimo, visto che i trimestrali, ne vendono circa MILLEDUECEONTOMILIONI in poche ore ad un rendimento che e' la meta'
 

tommy271

Forumer storico
La giornata del venerdì, da qualche settimana a questa parte, è sempre estremamente carica di tensione.
Ieri sui nostri GGB abbiamo ritoccato i massimi storici mentre tutto il gruppo seguiva la pericolosa scia.
Tutte le discussioni che Atene è un caso "isolato" sono cadute ancora una volta: obbligazionario e borse in rosso ...
Basta dare un'occhiata ai dati per rendersi conto dell'estrema correlazione delle economie europee, specie quelle del Club Med.
Quindi "s'affrettassero" Eurogruppo e BCE per trovare una linea comune di azione, i livelli di Spagna e Italia iniziano a diventare molto sensibili.

Grecia 1366 pb. (1302)
Irlanda 764 pb. (733)
Portogallo 667 pb. (609)
Spagna 243 pb. (226)
Italia 171 pb. (165)
Belgio 118 pb. (111)
 

tommy271

Forumer storico
PM chairs meeting in Nafplio




Prime minister George Papandreou called for national rallying together while speaking in Nafplio on Friday, at a meeting with local authorities and agencies of Argolida prefecture.

Papandreou stressed that everyone, including the opposition parties, local government, healthy private enterprise and each and every citizen must contribute to Greek society's demand to save the country. He also stressed that the country had to learn to rely on its own strength in order to defend its sovereign rights.

"When the issue of our country's sovereign rights is raise, there is a wall. And this is why we repeat whenever needed that we have to rely on our own powers," he emphasised.

Among issues stressed by the prime minister was the need to change attitudes toward the handling of local issues. He underlined that the central state should provide support but not directly manage local problems.

Citizens often identified ministers with public administration and even ministers were not immune from falling into this trap, whereas the government's was to be a friend and ally of the people against a public administration that had to be changed, he said.

Concerning banks, Papandreou said the government wanted to support the Greek character of banks.

Replying to questions on unemployment and a shift toward more flexible labour relations, the prime minister expressed the opinion that flexible forms of employment or part-time work were not a problems in themselves. According to Papandreou, the problem actually lay with Greece's very inflexible labour laws that actually led to lawlessness.

He said the government was making a great effort to support employment, even in the form of part-time work, on condition that everything was done legally and above board, referring to ideas such as subsidising insurance contributions. The prime minister pointed out that Greece could not compete with countries like China and India in terms of low labour costs, nor compress Greek wages to that level in order to make the Greek economy more competitive.

Papandreou repeated his position that the competitiveness of the Greek economy will be based, in large part, on the quality of its products.

The prime minister led a government team that included Culture and Tourism Minister Pavlos Geroulanos, Deputy Interior Minister George Dolios, Deputy Environment Minister Yiannis Maniatis, Deputy Health Minister Christos Aidonis and Deputy Agricultural Development Minister Yiannis Koutsoukos.

(ana.gr)
 

tommy271

Forumer storico
PM tries to stay positive as pressure mounts



Papandreou insists loans will be repaid and growth will come; finance minister calls for more urgency


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Prime Minister George Papandreou attempted to lift the gloom over Greece by insisting on Friday that the country will repay all its debt and will return to growth by next year but disputes within his PASOK party about the potential sacking of civil servants continued.
Speaking at a function in Argolida in the Peloponnese, Papandreou appeared to reject speculation this week that Athens would soon restructure or reprofile its debt despite already receiving the first four installments of a 110-billion-euro loan package. “I want to say here that we will pay back these loans,” he said.
Interest on Greece’s 10-year bonds rose to almost 17 percent yesterday on the back of the uncertainty surrounding the country. Papandreou insisted that his government would lead Greece through its difficulties. “We will do whatever we have to do for Greece to stand on its own two feet,” he said. “We will have growth in 2012.”
The PASOK government came under heavy pressure this week both from the European Union and the International Monetary Fund to speed up its reforms and to take more measures aimed at improving its public finances. Visiting EU and IMF officials cut short their regular progress inspection on Thursday, saying that they will only return when the government has taken some of the measures it has promised.
Finance Minister Giorgos Papaconstantinou reflected this added urgency in Parliament on Friday when he warned MPs that Greece would have to move forward with selling off state assets. “There is no time left,” he said. “It all has to happen and it has to happen now.”
Athens aims to raise an ambitious 50 billion euros by 2015 and is under pressure to begin privatizations now. The EU and IMF have suggested setting up an independent body, possibly under their oversight, to manage the sell-offs.
There are holdups on other fronts as well. The government had said on Thursday that it would sack some civil servants that fail to pass evaluation tests during departmental transfers but Infrastructure and Transport Minister Dimitris Reppas questioned whether there would be any savings from such a move. He suggested it was a token gesture to please the EU and the IMF.
Most of the departmental transfers will occur in public enterprises and public transport companies, which are under Reppas’s jurisdiction.






ekathimerini.com , Friday May 20, 2011 (21:44)
 

tommy271

Forumer storico
Downgrade from Fitch





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Late on Friday, the ministry said a decision by Fitch to cuts its rating for Greece failed to take into account additional commitments by Athens to meet budgetary goals for 2011 and speed up its privatization program.
Fitch pushed Greece’s credit rating deeper into junk territory on Friday, warning of even further downgrades if the European Union and the International Monetary Fund do not come up with a credible plan to resolve the country’s debt crisis.
One year into its EU-IMF bailout, Greece is struggling with weak revenues and a deep recession, fueling speculation it will have to restructure its debt to pull itself out of the fiscal mess that triggered a eurozone crisis.
‘The rating downgrade reflects the scale of the challenge facing Greece in implementing a radical fiscal and structural reform program necessary to secure solvency of the state and the foundations for sustained economic recovery,’ Fitch said in a statement.
The three-notch cut to B+ with a negative outlook takes Fitch’s rating into ‘highly speculative’ territory, broadly in line with Standard & Poor’s B rating and Moody’s B1 grade.






ekathimerini.com , Friday May 20, 2011 (20:56)
 
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