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

Stato
Chiusa ad ulteriori risposte.
Shots fired over future of debt

dot_clear.gif
Roubini repeats that restructuring will take place, Rehn rules it out; Sachinis warns experts to be mindful

By Sotiris Nikas - Kathimerini



A day after Greece’s successful treasury bills sale and a drop in borrowing costs thanks to the intervention of the European Central Bank (ECB), talk on whether Greece will default on its debt continued yesterday.

On the one hand, renowned US-based economist Nouriel Roubini repeated that Greece will restructure its debt, while on the other, Economic and Monetary Affairs Commissioner Olli Rehn said that there is no possibility of this happening in Greece, or in any other eurozone state.

Deputy Finance Minister Filippos Sachinidis stepped in yesterday to say that Roubini is not always right and his forecasts will miss the mark. He added that all economists commenting on the debt should be particularly mindful of the interests they may be supporting.

Essentially, Sachinidis hinted that investors whose position may favor a possible restructuring of the Greek debt could be behind such comments.

Amid all this, the spread of 10-year Greek government bonds over German bunds narrowed yesterday. During the day, the spread shrank to 840 basis points, from 900 bps on Tuesday.

Portugal’s successful auction of its 10-year bond yesterday helped boost sentiment toward Greek debt, as did Rehn’s comments.

The most important reason behind the narrowing of the spread, however, is the purchase of Greek government paper by the ECB for three straight days.

Yesterday, the ECB bought Greek debt on the secondary market worth 65 million euros.

Since Monday, the total amount purchased by the ECB has reached 233 million euros at a time when daily turnover on the market has rarely exceeded the 5-million-euro mark.

Ahead of the Eurogroup and Ecofin meetings on Monday and Tuesday, Roubini said that Greece must restructure its debt.
In the best-case scenario, Greece’s debt will be 160 percent of gross domestic product in two years, he added.

(Kathimerini.gr)

***
Interessante articolo con dati degni di nota.
L'intervento BCE è stato determinante, come al solito...

dot_clear.gif
 
Spain sells 2.999 bln 5 year bond

By Gerry Davies || January 13, 2011 at 09:41 GMT


Versus 2.0-3.0 bln target
Bid to cover ratio 2.1 from previous 1.6
Average yield 4.542% from previous 3.576%
That’ll do, got what they wanted. Decent cover. EUR/USD hits session high 1.3168.

(Forexlive.com)


***
Mi pare buono, le attese erano intorno al 4,8% ...
Vediamo se ora i nostri avranno un ulteriore spunto.
 
Grecia: sciopero dei trasporti paralizza Atene

In Grecia uno sciopero di 24 di tutti i trasporti pubblici urbani greci sta mettendo di nuovo in ginocchio la capitale Atene, mentre il governo di Giorgio Papandreou ha varato una riforma del settore per cercare di salvarlo dalla bancarotta.


Autobus, tram e metropolitana si fermano per tutta la giornata dopo settimane che i sindacati lottano contro nuovi tetti salariali senza l'intenzione di fare marcia indietro. La protesta, portata avanti malgrado un tribunale l'avesse dichiarata illegale all'ultimo minuto, sta provocando ingorghi sulle tangenziali e al centro della capitale, per il fatto che molti privati hanno fatto ricorso ai propri mezzi per spostarsi.
E la situazione peggiorerà ancora durante la giornata a causa di cortei e di una grande manifestazione indetta da insegnanti e studenti per commemorare l'uccisione di un docente di sinistra e denunciare i tagli alla scuola.
Il governo, nel quadro del piano anticrisi, ha approvato ieri una riforma dei mezzi pubblici su cui pesano oggi grandi passivi, che solo ad Atene ammontano ogni anno a 600 milioni di euro. Il DDL prevede concentrazioni di compagnie, riduzioni di personale pari a 1'500 unità, che saranno trasferite ad altri settori dell'amministrazione statale dove ci sono carenze, e stretti controlli di bilancio, insieme ad aumenti dei prezzi che da febbraio toccheranno in qualche caso il 40%.



(Bluewin.ch)
 
Spread costante sui 836-837 pb. Il mercato attende....

Oggi la spinta che ha sostenuto i nostri titoli, nei giorni scorsi, si è un pò arenata.
Dobbiamo registrare una tenuta sui valori recuperati.
Più avanti vedremo ...

Ricordiamoci poi che martedì è prevista la seconda asta di gennaio dei Bot/Greek.
 
Athens Exchange Maintains Its Upward Momentum



Athens Market maintains its upward momentum, as the General Index moves on positive groundσ for a third consecutive session, testing its resistance over 1450units. Developments regarding the debt crisis, along with European Central Bank’s meeting and auctions of Spanish and Italian bonds remain on spotlight.

Yesterday’s rise was welcomed but it was nothing more than a positive reaction following the expectations about the reinforcement of the stability mechanism, as valuations in Athens Stocks remain very low, Mr Vasilis Vlastarakis, head of Beta Securities told Capital.gr.

“This upward reaction doesn’t mean that problems are over”, he added. Investors must be patient, as a solution regarding the sovereign debt crisis is expected during 2011.

“Yesterday’s abrupt ascending reaction is very promising as it was accompanied by the return of heavy buyers, as witnessed through the increase of trading volume and the denial of banking equities to proceed with an intraday correction at any point during the course of the session”, says Pegasus Securities.

Pegasus expects the General Index to gradually move towards the 1,450 - 1,460 units region, with today’s optimum entry point standing at the 1,415 units, should the market proceed with an intraday correction.

Across the board, the General Index is at 1445.48 points, up 0.59%, moving into positive territory throughout the trading. Turnover stands at EUR42.60mn, while a total amount of 73 shares post gains, 25 decline and 37 remain unchanged.

Banks are at 1269.22, enhanced by 1.51%. Attica Bank moves up by 4.44%, while Hellenic Postbank and Alpha Bank rise by 2.77% and 3.31% respectively. National Bank and Eurobank post gains of 2.38% and 2.76% respectively, while Bank of Cyprus and Marfin Popular Bank decline by 0.75% and 1.85% respectively.

(capital.gr)
 
I TITOLI DEI GIORNALI:

The bill on mass transit restructuring and reactions and economic issues were the main front-page items in Athens' dailies on Thursday.



ADESMEFTOS TYPOS: "New labor agreements and transfers in public transports".

AVGHI: "Europe at crucial turning point".

AVRIANI: "One billion euros to National Bank from major British banking group".

ELEFTHEROS TYPOS: "Barrage of new harsh members from the government".

ELEFTHEROTYPIA: "Shock changes in public transport".

ESTIA: "Immense losses due to the strikes".

ETHNOS: "Changes in public transport without 'brake'."

IMERISSIA: "Ambitious moves in EU for exit from crisis".

KATHIMERINI: "Critical turning point for urban transport".

LOGOS: "Brake (on public transport) due to mergers".

NAFTEMPORIKI: "European support sends signal to the markets - One step closer to definitive solution of the European debt".

NIKI: "Reduction of salaries - Reduction of benefits - Reduction of personnel".

RIZOSPASTIS: "The popular movement the target, on pretext of 'moralising' the system".

TA NEA: "The new law on smoking".

VRADYNI: "Salary reductions of up to 25 percent in the DEKO (public utilities and organisations, which include public transports)".

(ana.gr)
 
Stato
Chiusa ad ulteriori risposte.

Users who are viewing this thread

Back
Alto