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

[tommy271]

Greece sells 390 mln eur T-bills, 26-week yield 4.64%



ATHENS | Tue Feb 8, 2011 5:17am EST



ATHENS Feb 8 (Reuters) - Greece's Public Debt Management Agency (PDMA) sold 390 billion euros ($530 million) of 6-month T-bills on Tuesday, with the yield dropping by 26 basis points compared to a previous January auction.
The sale was well covered with the bid-cover ratio at 4.54 versus 3.4 in the previous auction. Greece paid a yield of 4.64 percent, down from 4.90 percent in the Jan. 11 auction, the debt agency said.

 

[tommy271]

Στο 4,64% το επιτόκιο

Αντλήθηκαν 390 εκατ. από τα εξάμηνα έντοκα

NAFTEMPORIKI.GR Τρίτη, 8 Φεβρουαρίου 2011 12:22
Τελευταία Ενημέρωση : 08/02/2011 12:29

Συνολικό ποσό ύψους 390 εκατ. ευρώ άντλησε σήμερα το Δημόσιο από την έκδοση εντόκων γραμματίων εξάμηνης διάρκειας, με το επιτόκιο να υποχωρεί κατά 26 μονάδες βάσης σε σχέση με την προηγούμενη δημοπρασία του Ιανουαρίου, στο 4,64%.
Σύμφωνα με τον Οργανισμό Διαχείρισης Δημοσίου Χρέους ΟΔΔΗΧ , στο ανωτέρω ποσό συμπεριλαμβάνονται μη ανταγωνιστικές προσφορές ύψους 90 εκατ. ευρώ.
Ο συντελεστής κάλυψης της έκδοσης διαμορφώθηκε σε 4,54 έναντι 3,4 στην προηγούμενη έκδοση.

***

Tra le altre cose, secondo l'Agenzia per la gestione del debito pubblico PDMA, la cifra di cui sopra comprende le offerte non competitive per un importo di 90 milioni.

Il bid cover è stato pari a 4,54 contro 3,4 nella versione precedente.

 

[tommy271]

Greek Stocks Head Higher



Greek Exchange moves upwards on Tuesday, following yesterday’s correction and ahead of the auction of Greek treasury bills.

Banks outperform so far, posting profits of up to 1.3%, while the market is focusing on the auction of six-month Greek treasury bills worth EUR300mn by the Public Debt Management Agency.

Kyprou Securities says that some further profit taking cannot be ruled out today. “Any developments or rumours about eurozone support to weak member states negotiations should provide direction on the ASE for the next two months”, it says in its morning report. “The €300m Greek T-bill auction today should affect the ASE’s course”, it adds.

Pegasus Securities also states the importance of today’s auction, while expects the General Index to most likely move in positive territories today, with volatility, however, retaining its focal role.

“Yesterday΄s finish retains our positive view, as we consider that the 1½ days of correction seem to have been concluded, with the Athens market withholding the pressures asserted on most large-cap equities despite the notable recent gains”, it says in its report.

Marfin Analysis expects the domestic market to accumulate at current price levels. “Some interest could be seen on Coca Cola Hellenic on the back of 4Q10/FY10 results that are going to be announced tomorrow morning”, it adds.

Across the board, the General Index is at 1,681.85, up 1.71% in a turnover of EUR62mn. A total amount of 86 shares rise, 22 decline and 34 remain unchanged.

Banks are up 1.28%, at 1473.22. National Bank and Marfin Popular Bank climb by 2% and 1.89% respectively, while Alpha Bank and Piraeus Bank rise by 0.87% and 0.63 respectively.


(capital.gr)


***
Lo spread/bund appena dopo l'asta ha subito una piccola correzione, dai massimi sfiorati questa mattina intorno agli 800 pb., si è poi riposizionato intorno ai 796.
Vedremo poi nel corso della giornata ...

 

[AAAA47]

Greece sells 390 mln eur T-bills, 26-week yield 4.64%



ATHENS | Tue Feb 8, 2011 5:17am EST



ATHENS Feb 8 (Reuters) - Greece's Public Debt Management Agency (PDMA) sold 390 billion euros ($530 million) of 6-month T-bills on Tuesday, with the yield dropping by 26 basis points compared to a previous January auction.
The sale was well covered with the bid-cover ratio at 4.54 versus 3.4 in the previous auction. Greece paid a yield of 4.64 percent, down from 4.90 percent in the Jan. 11 auction, the debt agency said.

magari fossero 390 BILLION

 

[frmaoro]

IMM Buy MOT GREECE 18 4.6 EUR 10000 66,05 08/02/11 12:14:35 0 0,00

 

[tommy271]

Greece Sold EUR390mn Six-Month T-Bills



Greece sold EUR390mn of six-month treasury bills, during an auction of EUR300mn on Tuesday, according to a Greek debt agency report.

The total bids reached EUR1,363mn, with the yield dropping by 26 basis points compared to a previous January auction.

The sale was well covered with the bid-cover ratio at 4.54 versus 3.4 in the previous auction. Greece paid a yield of 4.64%, down from 4.90% in the January 11 auction, Greece΄s Public Debt Management Agency said.

Its head, Petros Christodoulou, said that 80% of the take-up came from foreign investors, according to Dow Jones Newswires.

"This is another positive signal for Greece’s ability to borrow from markets for a second month in a row," Christodoulou told the news agency.

"It was a small amount on offer, so I don’t draw a major conclusion, but still the 80% uptake again by foreigners is encouraging," Christodoulou added.

(capital.gr)

 

[tommy271]

American Jewish leaders on first visit to Greece

Tuesday, 08 February 2011 16:46 Mohideen Mifthah



ATHENS, Feb 8, 2011 (AFP) - An association of American Jewish community leaders begins Tuesday a first-ever visit to Greece in the latest demonstration of Greek efforts to improve relations with Israel, officials said.
Around 60 representatives of the Conference of Presidents of Major American Jewish Organisations will visit Athens and Thessaloniki for talks with Greek state and Jewish community officials, a Thessaloniki community leader said.
“This visit is held at the invitation of Greek Prime Minister George Papandreou,” said David Saltiel, chairman of the Thessaloniki Jewish community.
The visit to February 13 is part of an annual trip to Israel by the group, a central coordinating body that represents 52 American Jewish agencies across the political and religious spectrum.
Athens only officially recognised Israel in 1991. Papandreou has now stepped up efforts to attract Jewish investment to Greece's debt-struck economy.
This is the organisation's first visit to Greece according to the government. Israeli Prime Minister Benjamin Netanyahu and Foreign Minister Avigdor Liebermam both recently visited Athens and Greek officials have also travelled to Israel to discuss potential projects in recent months.
“Relations with Israel have never been better,” Saltiel told AFP.
“There is daily contact between Greek and Israeli ministers... and this also strikes a blow against anti-Semitism.”Over the years, Greek Jewish leaders have repeatedly complained to the authorities over vandal attacks targeting community cemeteries and monuments.
The Greek governnment last year was also forced to condemn televised claims by a prominent bishop that world Zionism is trying to destroy nations and that Jewish capital had bankrolled Adolf Hitler.
A flourishing centuries-old Jewish community centred on Thessaloniki was decimated by Nazi deportations and now numbers around 6,000 people.

 

[tommy271]

I TITOLI DEI GIORNALI:

Economic issues and the government's deliberations with the visiting EU/IMF 'troika' inspectors were the main front-page items in Athens' dailies on Tuesday.



ADESMEFTOS TYPOS: "Legalisation of 800,000 unlicensed buildings".

AVGHI: "They're 'sweeping away' the branch labor contracts".

AVRIANI: "Government and 'guilds' bring the people to despair".

ELEFTHEROS TYPOS: "Government: 'Yes to all' to troika demands for new cuts in salaries, pensions".

ELEFTHEROTYPIA: "Guide to survival in IKA (state Social Security Foundation) chaos".

ESTIA: "Restructuring from scratch".

ETHNOS: "War with troika over the (private sector) salaries".

IMERISSIA: "Crash test for stockmarket - T-bill issue interest rate the 'key'."

KATHIMERINI: "Tension points multiplying".

LOGOS: "Health system in intensive care..."

NAFTEMPORIKI: "Tax audits with objective criteria being planned".

NIKI: "Defence line for private sector bonuses".

RIZOSPASTIS: "Resistance to the policy that wants the patients to be customers".

TA NEA: "Point system for professionals".

VRADYNI: "Putting the working people through the grinder".

(ana.gr)

 

[tommy271]

Greek Debt Chief:Foreign Investors Buy 80% Of T-Bills Tue


By Nick Skrekas
Of DOW JONES NEWSWIRES


ATHENS (Dow Jones)--Greece's latest T-Bill auction garnered strong demand, with 80% of the take-up coming from foreign investors, the head of Greece's Public Debt Management Agency, Petros Christodoulou, said Tuesday.

Earlier Tuesday, the PDMA said the country raised EUR390 million from the T-Bill auction. The uniform yield beat market expectations by coming in at 4.64%, much lower than at the last 26-week T-Bill tender in January, which came in at 4.9%.
"This is another positive signal for Greece's ability to borrow from markets for a second month in a row," Christodoulou told Dow Jones Newswires.

Bond analysts have previously criticized Greek T-bill auctions as not being a true indicator of demand because Greek blue-chip banks usually snap up close to 70% of the auction, but that was reversed for a second T-Bill auction in a row.

"It was a small amount on offer, so I don't draw [a] major conclusion, but still the 80% uptake again by foreigners is encouraging," Christodoulou said.

The auction had a bid-to-cover ratio of 4.54 times, which isn't surprising since the amount on offer was relatively small. The PDMA may also accept another 30% of the auctioned amount in non-competitive bids, taking the total amount raised to EUR480 million.

"The auction beat expectations since the yield fell 26 basis points from last month's 26-week auction and a large chunk was taken up by foreign investors that expressed strong interest. Overall, a very successful result for Greece," a senior local bond trader at a local blue chip bank said.

Greece resumed monthly T-Bill issuance in January after a pause due to seasonal factors in December. The auctions are mandatory under the memorandum agreement signed in May 2010 with the International Monetary Fund and the European Union for the provision of the EUR110 billion bailout to stave off certain default.

The debt-laden Mediterranean state has to roll over debt of EUR0.56 billion in February, according to local dealers.

Bond market analysts say the net supply of Greek T-bills is close to zero because it is essentially rolling over expiring maturities.

***
Con questa dettagliata analisi dell'asta odierna, chiudiamo il capitolo.
Il prossimo appuntamento sarà per martedì 15 febbraio con la seconda asta mensile: sarà un 3 mesi o l'annuale?

 

[tommy271]

Nel frattempo, subito dopo l'asta, sono cresciute le pressioni sugli spread che stanno oscillando in maniera significativa e abbastanza profonda.
Ora siamo a circa 798 pb. con oscillazioni in alto (e poi verso il basso) nell'ordine di una decina di pb.

L'indice ASE rimane ancora in significativo verde con un + 0,60 a 1663 punti.