troppidebiti
Forumer storico
Greece Won?t Beat Debt Hydra With Rescue Packages: Matthew Lynn - Bloomberg.com
gli americani non mollano la presa...e pensare che il loro deficit è simile a quello greco
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (2 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
Greece Won?t Beat Debt Hydra With Rescue Packages: Matthew Lynn - Bloomberg.com
gli americani non mollano la presa...e pensare che il loro deficit è simile a quello greco
tommy271
Forumer storico
Greece Won?t Beat Debt Hydra With Rescue Packages: Matthew Lynn - Bloomberg.com
gli americani non mollano la presa...e pensare che il loro deficit è simile a quello greco
Con la differenza che su quello greco è possibile mettere una toppa, mentre su USA e UK è possibile solo continuare a stampare carta moneta.
ciclista52
Forumer storico
x questo sig. matthew lynn bloomberg
Tre soluzioni
Ci sono sempre stati solo tre correzioni reale.
Uno era quello di default sul proprio debito, e lasciare che le banche che li hanno prestato i soldi prendono le conseguenze.
La prossima era di uscire dall'euro, e massicciamente svalutare la propria moneta nuova.
Il terzo era la soluzione irlandese. Intraprendere una seria, spesso dolorosa, e il programma di austerità politicamente difficile per ottenere il deficit sotto controllo.
tommy271
Forumer storico
Mi pare che la soluzione adottata sia la terza.
Il governo Papandreou è stato eletto da poco quindi non ci aspettano elezioni anticipate dietro l'angolo, gode di fiducia interna.
I provvedimenti adottati anti crisi sono stati votati in parlamento con maggioranza compatta, senza alcun voto di defezione.
E' una nazione che ha vissuto nel "bengodi" per anni, c'è spazio per tagli e manovre di riaggiustamento varie: non andiamo a tagliare situazioni già in sofferenza da anni ...
belindo
Guest
Come si possono seguire le nuove emissioni??
E come stanno andando??
I nostri tds sono in stallo.....................
dierre
Forumer storico
X Tommy...
sono entrato anch'io nel club ellenico nei giorni scorsi... avrei una domandina al volo: secondo te al GGB SET37 EUR 4,5 ai prezzi attuali è ancora un buon affare?
Ovviamente conscio di tutti i rischi sulla duration del titolo ecc ecc, dove puo arrivare tra un anno quando (si spera ) tutto sia passato.
sAI DIRMI 6-8 MESI FA quanto quotava? (se lo ricordi)
grazie.
PS
Io nel default non ho mai creduto.
sono entrato anch'io nel club ellenico nei giorni scorsi...
avrei una domandina al volo: secondo te al GGB SET37 EUR 4,5 ai prezzi attuali è ancora un buon affare? Ovviamente conscio di tutti i rischi sulla duration del titolo ecc ecc, dove puo arrivare tra un anno quando (si spera ) tutto sia passato.
sAI DIRMI 6-8 MESI FA quanto quotava? (se lo ricordi)
grazie.
PS
Io nel default non ho mai creduto.
tommy271
Forumer storico
X Tommy...
sono entrato anch'io nel club ellenico nei giorni scorsi...
Ovviamente conscio di tutti i rischi sulla duration del titolo ecc ecc, dove puo arrivare tra un anno quando (si spera ) tutto sia passato.
sAI DIRMI 6-8 MESI FA quanto quotava? (se lo ricordi)
grazie.
PS
Io nel default non ho mai creduto.
Guarda, rispetto ad ottobre/novembre '09 tutti i TdS grecia sono a sconto: mi ricordano un poco i nostri BTP degli anni '90.
Noi all'epoca ne uscimmo grazie a Giuliano Amato che salassò per benino gli italiani: i trentennali emessi allora con cedole al 9% e al 8,5% sono un vitalizio per chi le possiede.
Dato che la Grecia ha un debito abbastanza massiccio da qui al 2015 poi quasi nulla, è lecito supporre che le nuove emissioni "pesanti" vadano a coprire gli anni successivi.
Un trentennale con maxi cedolone potrebbe dare una "scossa" a quelli sul mercato: questi non è che possiamo tenerceli in tasca ... sui lunghi la vigilanza va raddoppiata ...
A ottobre il '37 era intorno ai 90,00.
azetaelle
investitore(s)qualificato
qui trovi tutto quello che cerchiX Tommy...
sono entrato anch'io nel club ellenico nei giorni scorsi...
Ovviamente conscio di tutti i rischi sulla duration del titolo ecc ecc, dove puo arrivare tra un anno quando (si spera ) tutto sia passato.
sAI DIRMI 6-8 MESI FA quanto quotava? (se lo ricordi)
grazie.
PS
Io nel default non ho mai creduto.
Ggb Set37 Eur 4,5 - Borsa Italiana
tieni conto che anche solo poche settimane fa era risalito a 76 circa
tommy271
Forumer storico
Greece to Test the Water with a T-bill Auction in around 45 minutes
Greece is to auction 1.2bln short-dated T-bills in around 45 minutes with players to be closely watching the result.
It will be the first test for the weekends Greek rescue plan and may be enough to stimulate sufficient investor demand to cover the auction. If that is the case, we could see further tightening in Greek-German bond yield spreads, which could put a floor on the euro. Conversely, a weak auction will likely be euro-negative.
Greece is to auction 1.2bln short-dated T-bills in around 45 minutes with players to be closely watching the result.
It will be the first test for the weekends Greek rescue plan and may be enough to stimulate sufficient investor demand to cover the auction. If that is the case, we could see further tightening in Greek-German bond yield spreads, which could put a floor on the euro. Conversely, a weak auction will likely be euro-negative.
tommy271
Forumer storico
Greek Government Bonds Advance Before Treasury-Bill Auctions
April 13, 2010, 4:24 AM EDT
By Matthew Brown
April 13 (Bloomberg) -- Greek bonds rose for a third day before a sale of Treasury bills that may signal stronger appetite for the government’s debt.
The advance pushed the yield on the two-year note down to near the lowest in a week. The yield dropped the most on record yesterday following the announcement of a European Union agreement to provide as much as 45 billion euros ($61 billion) of aid to Greece. The government plans to sell 1.2 billion euros of 26- and 52-week bills today in its first debt offering since winning the rescue pledge.
“The market is obsessing about this bill auction,” said Marc Ostwald, a strategist at Monument Securities Ltd. in London. “At these yields there should be plenty of demand, but there is a feeling that if it doesn’t go well then we’re back at square one.”
Greek two-year yields fell 8 basis points to 6.21 percent as of 8:37 a.m. in London. The 4.3 percent security due March 2012 climbed 0.15, or 1.5 euros per 1,000-euro face amount, to 96.62. The 10-year yield dropped 4 basis points to 6.76 percent.
Prime Minister George Papandreou needs to raise 11.6 billion euros by the end of May to cover maturing debt, with another 20 billion euros required by year-end to pay interest and finance this year’s deficit. Last week the government estimated its 2009 shortfall to be 12.9 percent of gross domestic product, the biggest in the euro’s history and more than four times the EU’s 3 percent limit. The previous forecast was 12.7 percent.
Spread Widens
Yields on Greek bonds rose last week as confidence in the nation’s assets withered. The extra yield investors demand to hold the country’s 10-year bonds instead of German bunds, the region’s benchmark government securities, climbed to 442 basis points on April 8, the highest since 1998. The Greek-German spread averaged about 65 basis points, or 0.65 percentage point, in the five years through November, before concern deepened that the nation’s deficit would soar.
The spread today was 348 basis points, little changed from yesterday.
The yield on the bund was little changed at 3.18 percent, and the German two-year note yielded 1 percent, also little changed from yesterday.
Deteriorating sentiment toward Greek debt led to the lowest demand in a year at 26- and 52-week bill sales in January. That’s when the Public Debt Management Agency raised 3.7 billion euros from the auctions, which included a 13-week security.
The 26-week bill drew bids for 4.9 times the amount of securities offered on Jan. 12, compared with an average bid-to- cover of 6.2 times in 2009, according to data compiled by Bloomberg. The ratio at the 52-week sale was 3.1 times, below last year’s average of 5 times, the data showed. Demand for the 13-week bills was also less than the average in 2009.
The 52-week bills were sold at a yield of 2.2 percent at the January auction, compared with an average of 1.62 percent in the previous four auctions, Bloomberg data showed. The securities yielded 7.48 percent last week.
--Editors: Daniel Tilles, David Clarke
April 13, 2010, 4:24 AM EDT
By Matthew Brown
April 13 (Bloomberg) -- Greek bonds rose for a third day before a sale of Treasury bills that may signal stronger appetite for the government’s debt.
The advance pushed the yield on the two-year note down to near the lowest in a week. The yield dropped the most on record yesterday following the announcement of a European Union agreement to provide as much as 45 billion euros ($61 billion) of aid to Greece. The government plans to sell 1.2 billion euros of 26- and 52-week bills today in its first debt offering since winning the rescue pledge.
“The market is obsessing about this bill auction,” said Marc Ostwald, a strategist at Monument Securities Ltd. in London. “At these yields there should be plenty of demand, but there is a feeling that if it doesn’t go well then we’re back at square one.”
Greek two-year yields fell 8 basis points to 6.21 percent as of 8:37 a.m. in London. The 4.3 percent security due March 2012 climbed 0.15, or 1.5 euros per 1,000-euro face amount, to 96.62. The 10-year yield dropped 4 basis points to 6.76 percent.
Prime Minister George Papandreou needs to raise 11.6 billion euros by the end of May to cover maturing debt, with another 20 billion euros required by year-end to pay interest and finance this year’s deficit. Last week the government estimated its 2009 shortfall to be 12.9 percent of gross domestic product, the biggest in the euro’s history and more than four times the EU’s 3 percent limit. The previous forecast was 12.7 percent.
Spread Widens
Yields on Greek bonds rose last week as confidence in the nation’s assets withered. The extra yield investors demand to hold the country’s 10-year bonds instead of German bunds, the region’s benchmark government securities, climbed to 442 basis points on April 8, the highest since 1998. The Greek-German spread averaged about 65 basis points, or 0.65 percentage point, in the five years through November, before concern deepened that the nation’s deficit would soar.
The spread today was 348 basis points, little changed from yesterday.
The yield on the bund was little changed at 3.18 percent, and the German two-year note yielded 1 percent, also little changed from yesterday.
Deteriorating sentiment toward Greek debt led to the lowest demand in a year at 26- and 52-week bill sales in January. That’s when the Public Debt Management Agency raised 3.7 billion euros from the auctions, which included a 13-week security.
The 26-week bill drew bids for 4.9 times the amount of securities offered on Jan. 12, compared with an average bid-to- cover of 6.2 times in 2009, according to data compiled by Bloomberg. The ratio at the 52-week sale was 3.1 times, below last year’s average of 5 times, the data showed. Demand for the 13-week bills was also less than the average in 2009.
The 52-week bills were sold at a yield of 2.2 percent at the January auction, compared with an average of 1.62 percent in the previous four auctions, Bloomberg data showed. The securities yielded 7.48 percent last week.
--Editors: Daniel Tilles, David Clarke
- Stato