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

[tommy271]

EURO GOVT-Bunds open slightly up, Portugal debt under pressure






LONDON, March 29 | Tue Mar 29, 2011 2:21am EDT



LONDON, March 29 (Reuters) - German government bonds opened slightly higher on Tuesday but Portuguese debt was expected to stay under pressure as the country prepares for snap elections, adding to uncertainty about whether it can keep funding itself.
Portuguese bond yields hit the latest in a series of euro-era highs on Monday, with the 10-year yield rising above 8 percent, after Standard & Poor's downgraded the country's banks and market conviction grew that it would follow Ireland and Greece in seeking an international bailout.
"If they are going to be bailed out then there's no reason why Portuguese yields shouldn't trade in line with Irish yields. In theory they have a fair bit further to go. It's a natural target for them," a trader said.
Irish 10-year yields were above 10 percent at Monday's settlement close.
June Bund futures FGBLc1 were last 10 ticks up at 121.79 compared with 121.69 at Monday's settlement close. Two-year Schatz yielded 1.740 percent DE2YT=TWEB, little changed from Monday's settlement while 10-year yields DE10YT=TWEB were about one basis point lower at 3.289 percent.

 

[tommy271]

Bond euro, future Bund su parità, annulla progressi avvio

martedì 29 marzo 2011 09:16



LONDRA, 29 marzo (Reuters) - Torna a schiacciarsi sulla
parità il derivato sul decennale tedesco, dopo una partenza in
territorio positivo.

Resta sotto pressione il debito portoghese mentre il paese
si prepara a elezioni anticipate.

"Se dovranno essere salvati allora non c'è motivo perché i
rendimenti portoghesi non scambino in linea con quelli
irlandesi. In teoria hanno ancora un po' di strada da fare. E'
un target naturale", commenta un trader.

***
Il nostro spread apre poco sotto la chiusura di ieri.
Ora a 946 pb, movimenti usuali.

 

[tommy271]

I TITOLI DEI GIORNALI:

The Greek economy and speculation of new harsh measures were the main front-page items in Athens' dailies on Tuesday.


ADESMEFTOS TYPOS: "Partisan committee 'cooks up' the appointments of directors in public sector".

AVGHI: "Government to sell off Public Power Corporation, beginning with the utility's management".

AVRIANI: "The chaos in the government speeds up the bankruptcy".

DIMOKRATIA: "Threat to the pensions".

ELEFTHEROS TYPOS: "Government setting traps for 1 million professionals".

ELEFTHEROTYPIA: "The money exists, but they (50,000 long-term unemployed) lost the jobs".

ESTIA: "Government doesn't pass the grade".

ETHNOS: "25 changes to taxes for professionals".

IMERISSIA: "Privatisations divide the government".

KATHIMERINI: "Dangerous governmental arrhythmia".

LOGOS: "New package of measures coming".

NAFTEMPORIKI: "Last-ditch effort to jump-start growth".

NIKI: "7-day spring for measures to collect 22 billion euros".

RIZOSPASTIS: "Steady work for all is the people's firm and lasting need".

TA NEA: "Romania, the 'Fukushima' of the Balkans".

VRADYNI: "The death of the salesman".

(ana.gr)

 

[tommy271]

Avvio debole alla Borsa di Atene, ora siamo a 1597 punti a - 0,86%.

I nostri spread sul decennale rimangono sempre stazionari a 946 pb., con qualche spunto verso l'allargamento. Poi rientrato.
Il quadro rimane incerto.

 

[tommy271]

La Grecia e la scommessa sulle energie rinnovabili:

La Grecia, nuova promessa del fotovoltaico | QualEnergia.it

 

[tommy271]

EURO GOVT-Bund yields edge up; Portugal stays under pressure



By Emelia Sithole-Matarise




LONDON, March 29 (Reuters) - German government bond yields edged up on Tuesday after data showed German inflation eased in March, although not by enough to sway expectations that the European Central Bank will raise interest rates next month.
Portuguese bonds remained around euro-era record highs hit on Monday and are expected to head higher as the country prepares for snap elections, adding to uncertainty about whether it can keep funding itself.
German Bunds failed to gain much momentum from strain in euro zone peripheral bonds, hamstrung by expectations the ECB will raise interest rates next month after President Jean-Claude Trichet on Monday said inflation in the euro zone was "durably" above the bank's target of close to, but below 2 percent.
Data from four German states, including most-populous North Rhine-Westphalia, suggesting inflation eased in March did little to scale back market bets for tighter monetary policy.
"The fact is, even if inflation does stabilise, it still remains above the ECB'S target and will keep the ECB on track for a rate hike next month," said Nick Stamenkovic, a strategist with RIA Capital Markets.
Two-year Schatz yields were two basis points higher on the day at 1.740 percent DE2YT=TWEB while 10-year Bund yields DE10YT=TWEB were up about one basis point at 3.289 percent. These moves flattened the yield curve by a basis point to 155 bps, with further flattening seen ahead before the ECB's rate-setting meeting next week.





PORTUGUESE/IRISH CONVERGENCE


Among peripherals, Portuguese yields stayed around euro lifetime peaks, with the 10-year at about 8.14 percent, but are seen resuming their upward trend on growing market conviction the country will follow Ireland and Greece in seeking a bailout.
"If they are going to be bailed out then there's no reason why Portuguese yields shouldn't trade in line with Irish yields. In theory they have a fair bit further to go. It's a natural target for them," a trader said.
Irish 10-year yields were up about three bps on the day at 10.177 percent. Some traders said they saw little respite for the more indebted euro zone issuers given the ECB's absence so far this week from the secondary market after it bought 432 million euros worth of bonds last week.
"I don't see any major performance of Portuguese bonds, certainly not without any ECB intervention. I don't see any reason for real money investor flows into Portugal," another trader said. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Euro zone debt struggle r.reuters.com/hyb65p ECB bond buying and spreads r.reuters.com/wum27q ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
Portugal's political limbo before the snap election expected in June is seen complicating its efforts to fund itself ahead of bond redemptions in April and June.
The country must pay out 4.8 billion euros in redemptions and coupons in April and another 6.95 billion euros in June, and although analysts think it can probably make the first payment, an eventual bailout is seen as inevitable.
"The real concern comes more towards the June expiries. They still have time and I think they've got enough to fund April. It would be very unusual for a sovereign to run its financing so close to expiries," a trader said.
"The market pressures are more along the lines of creating a self-fulfilling prophecy (towards a bailout). Not passing the budget and having have to form a new government is something that's calming the market down."

 

[giub]

I TITOLI DEI GIORNALI:

AVRIANI: "The chaos in the government speeds up the bankruptcy".

DIMOKRATIA: "Threat to the pensions".

ELEFTHEROS TYPOS: "Government setting traps for 1 million professionals".

ESTIA: "Government doesn't pass the grade".

KATHIMERINI: "Dangerous governmental arrhythmia".

sembrano bollettini di guerra! Spero siano di opposizione...

 

[Grisù]

Tanto per cambiare una revisione al ribasso...

FY10 budget deficit may be revised to above 10% of GDP
According to press reports, Eurostat, which is currently monitoring Greece's budget, has doubts on the liabilities of the broad public sector and the accounts of social security funds, where it calculates a deficit from surplus previously. The reports claim that a potential revision of these and other accounts could increase FY10 budget deficit to above 10% of GDP from 9.5% currently estimated. The final figures for the budget deficit will reportedly be ready on March 31.

 

[tommy271]

sembrano bollettini di guerra! Spero siano di opposizione...

Alcuni sono conservatori, come il nostro "Kathimerini" che riportiamo spesso.
E' l'allarme lanciato in vista del prossimo "giro di vite" che l'esecutivo di Atene dovrà prendere per riportare il deficit entro i parametri previsti.
Nei mesi di gennaio/febbraio c'è stato uno scostamento sul fronte delle entrate.

 

[frmaoro]

hellenic 26 5.3 ancora nessun accredito della cedola con fineco