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L'indice ASE della Borsa di Atene chiude anche oggi in negativo portandosi verso i minimi storici a 1349 punti con - 1,47%. Scambi normali, leggermente più sostenuti del solito a 110 MLN.

Spread stazionari a 1289 pb.
 
come riferimento i tassi degli ultimi anni,
manca quello 26 settimane del 12 aprile pari al 4,80%

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immagino tra il 4,70% ed il 4,90%
 

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Treasury Prices Turn Positive After Greece Downgrade






By Cynthia Lin
Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- Renewed Greek credit concerns offset investors' efforts to position themselves ahead of U.S. debt auctions Monday as Treasury prices pushed into positive territory.
Standard & Poor's downgrade of Greece's sovereign debt turned around the market, which had been down on the day. Traders had attempted to lower prices--and set up more attractive yields--ahead of $72 billion in new Treasurys being auctioned this week.
"Greece caused the turnaround," said Richard Gilhooly of TD Securities, adding it has led to safe-haven buying.
S&P cut Greece's long-term rating to B--five steps down from investment-grade territory. That brought the euro zone's debt dilemma back into the spotlight and soured risk sentiment.
Medium-dated securities led the rally, not having to compete with fresh supply this week. In early New York trading, the 5-year note was up 3/32 in price to yield 1.846%. Bond prices and yields move inversely.
The 30-year bond was the last to enter the black, up 1/32 to yield 4.293%. The benchmark 10-year note rose 2/32, to yield at a key 3.15% level.
Analysts are watching for a break below that mark, which could trigger a further fall to 3.0%.
Longer-dated Treasurys securities had the hardest time emerging from negative territory, weighed down by the upcoming debt sales--include $21 billion in benchmark 10-year notes Wednesday and $16 billion in 30-year bonds Thursday.

 
France, Germany Stress Need for Unity



By NATHALIE BOSCHAT

PARIS—Government officials from France and Germany went out of their way Monday to stress the need for a unified euro zone even as intensifying worries over Greek debt piled pressure on the currency bloc.
In a Europe Day speech, French Prime Minister Francois Fillon on Monday said it's paramount that euro-zone states continue to show solidarity towards one another—signaling France could agree to go further to help Greece meet its funding needs for next year. Record-high yields on Greek government debt effectively bar the country from tapping financial markets.
"Continuing to honor our duty of solidarity is imperative," Mr. Fillon said. He recalled that France had stressed the need for "unfailing solidarity" within the euro zone, particularly with southern peripheral countries, early on in the bloc's government debt crisis.
Mr. Fillon's comments come on the same day Standard & Poor's dealt Athens another blow, downgrading Greek government debt further into junk territory. The ratings agency cited concerns that Greece's private creditors might have to accept a rescheduling of the country's debt.
Mr. Fillon suggested that additional support on the part of euro-zone peers could come only in connection with in-depth economic and budgetary reforms in debt-ridden countries. He also called for increased convergence of economic policies in order to close competitiveness gaps within the euro area "that have threatened to make the system implode." Mr. Fillon added that the more stringent stability pact recently agreed on should help achieve this goal.
Worries over Greece's fiscal situation came to a head over the weekend after German paper Der Spiegel reported that finance ministers from the euro zone's main countries had convened for secret talks in Luxembourg to discuss Greece's exit from the euro area.
As the Greek government denounced the report, Greek Finance Minister George Papaconstantinou said Saturday that Athens might sell bonds to the euro zone's bailout fund if it can't sell to private investors, acknowledging the country's dire funding situation.
A spokesman for German Chancellor Angela Merkel Monday said a possible exit of Greece from the euro zone has never been a point of debate and isn't one now.
"Such a report has nothing to do with reality," said Ms. Merkel's spokesman Steffen Seibert Monday, referring to the Spiegel report.
Meanwhile, a spokesperson for the German finance ministry said Berlin won't discuss Greece's financing needs further until the release of the next report by the International Monetary Fund and the European Commission, which are reviewing progress made under the country's austerity program.
Despite the show of unity by France and Germany, dissenting voices are beginning to sound in Europe. Up until now, calls to exit the euro have mainly come from extremist political parties such as France's far-wing conservative party Front National—whose popularity in the polls is steadily rising. But the latest crack in Europe's united front came from one of Germany's leading parties.
Frank Schaeffler, a lawmaker from the liberal Free Democratic Party or FDP, the junior partner in Ms. Merkel's ruling coalition, Monday said Greece and other countries should have the option to leave the euro zone if they wish to do so.
"There has to be a possibility for an orderly exit from the euro zone," Mr. Schaeffler said. "If Greece wants that, its euro-zone partners should positively support it." Mr. Schaeffler, who said he has the support of other FDP lawmakers, also rejects the planned European Stability Mechanism, which is slated to replace the bloc's current bailout facility in 2013.
Quizzed Monday about whether France would consider a rescheduling of Greece's debt, French Finance Minister Christine Lagarde declined to comment, saying only that Greece has funding problems that will have to be looked into at the next meeting of European finance ministers in Brussels next Monday.
But analysts suggested the latest developments could usher in a new chapter of the euro-zone debt crisis. "The official line that Greece has a liquidity and not a solvency problem is showing its cracks, putting into question the whole framework of the financial support," BNP Paribas said in a research note Monday.
 
German Government Adviser: Euro Zone Could Breakup Without Debt Plan

First Published Monday, 9 May 2011 01:57 pm - © 2011 Dow Jones


FRANKFURT (Dow Jones)-There is a risk that the euro zone will not "remain in tact" over the next twelve months if a comprehensive solution to the sovereign debt problem is not found soon, an adviser to the German government said Monday.
Asked by Reuters Insider TV how things will be one year from now, and if waiting that long for a Greek debt restructuring would be too late, Peter Bofinger said: "I think we need a very comprehensive solution, very fast a solution, not only for Greece, but also for the other problem countries (as well)."
If such a solution is not reached, he said, "I am not sure whether the euro area will remain in tact for the next twelve months."
Bofinger is a member of the German government's council of five so-called "Wise Men", who advise the government on economic affairs, but have no direct say on policy.



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Uno dei "saggi" che consigliano la Merkel.
 
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