PASTELLETTO
Guest
Spread italico sostanzialmente stabile, nonostante l'effetto UCG sul MIB.
L'EFSF:
EFSF Bond in Demand - WSJ.com
L'EFSF:
EFSF Bond in Demand - WSJ.com
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 2 (37 lettori)
- Creatore Discussione tommy271
- Data di Inizio
- Stato
discipline
Forumer storico
Per la confusione generale e nella comune attesa di fatti certi, sui forum tedeschi suggeriscono di tenere d'occhio gli scambi della borsa di Milano per farsi un'idea della tendenza.. siamo alla frutta ad ogni latitudine..
Wer sich mit dem Preislevel der GR0110021236 im Trading beschäftigt, für den ist es nützlich ab und zu einen Blick auf die Kurse in Mailand zu richten, denn die orientieren sich an Athen und OTC. Mailandkurse (allerdings wenig Umsätze) sind für alle frei zugänglich und helfen bei der Orientierung, wenn man keinen OTC Direktzugang hat.
http://www.mfquicken.it/quotazioni/d...r&refresh_cens
In Mailand wurden um 11:15 8k GR0110021236 zu 49 !! gehandelt. Man hat auch ein schönes 5 level Orderbuch. Zur Zeit stehen 47k zu 47,99 im Brief (Lettera 1. Level) und 2k zu 47 im Geld (Denaro 1. Level)
giub
New Membro
non sapevo che i nostri corsi fossero orientati su quelli di Atene...
Oppure anche per loro....una fazza una razza?
Imark
Forumer storico
Corretta la puntualizzazione di Giub, faccio ammenda e preciso che quel -2,5% incide oggi rispetto al close Xt di ieri, e quindi si era, poco prima di pranzo, sui prezzi indicati da Giub.
Nel frattempo, noto che la situazione si è appesantita (siamo attorno ad un -3%, prezzi su 46/100 o appena sopra, volumi complessivi retail market tedeschi attorno a 5,3 mln euro di nominale)
giub
New Membro
Dienstag, 3. Januar 2012
Questions about Greece's foreign debt
Questions about Greece's foreign debt
The Bank of Greece has recently published the external debt figures per Q3/2011.
The foreign debt of Greece is now at its lowest level since over 2 years ago. At Q3/2011, it stood at 405 BN EUR compared with 413 BN EUR at Q3/2009 (in between, it peaked at 434 BN EUR).
How is that possible? During this time, over 73 BN EUR were transferred as new offshore loans to Greece under the rescue plans. If foreign debt still went down, that would mean that all the new money from offshore (and more) was used to pay off existing loans, i. e. nothing left for Greeks.
What is really confusing is that sovereign bonds owed to offshore investors declined from 206 BN EUR to 101 BN EUR during this period. Since that is far more than the bonds which matured during this time, it would suggest that domestic Greek investors bought Greek bonds from foreign investors. And it seems that the whole thing was financed by the Band of Greece by taking new loans offshore (ECB?).
I hope my analysis is not correct because it would almost sound like the ECB saying to Greece: “Look, we have too many of your bonds on our books. We lend you the money so that you can buy them back from us”.
And here is the million-Euro-question: if foreign funding of Greece actually declined in the last 2 years, how was the current account deficit during this time (46 BN EUR) financed? How was the capital flight during this period (estimated well over 50 BN EUR) financed? How was the budget deficit financed?
I have posed these questions to the Bank of Greece and I look forward to their answers!
----------------------------------------------------------------------------------------------------------------------------------
My thanks to Mr. George Zambanakis at the Bank of Greece who replied - overnight! - to my questions. And the answer is ---
Following IMF-guidelines, the Bank of Greece publishes the foreign debt based on market values and not based on nominal amounts. Details on the valuations were not provided but it would be fair to assume that only public bonds were revalued in such a manner (there is no "market value" for private loans). This would mean that sovereign bonds placed offshore did not decline from 206 BN EUR to 101 BN EUR nominally but were, for the most part, revalued in that amount. Put differently, the foreign debt of Greece would be about 100 BN EUR higher than published in the Bank of Greece statistics.
The foreign debt of Greece is now at its lowest level since over 2 years ago. At Q3/2011, it stood at 405 BN EUR compared with 413 BN EUR at Q3/2009 (in between, it peaked at 434 BN EUR).
How is that possible? During this time, over 73 BN EUR were transferred as new offshore loans to Greece under the rescue plans. If foreign debt still went down, that would mean that all the new money from offshore (and more) was used to pay off existing loans, i. e. nothing left for Greeks.
What is really confusing is that sovereign bonds owed to offshore investors declined from 206 BN EUR to 101 BN EUR during this period. Since that is far more than the bonds which matured during this time, it would suggest that domestic Greek investors bought Greek bonds from foreign investors. And it seems that the whole thing was financed by the Band of Greece by taking new loans offshore (ECB?).
I hope my analysis is not correct because it would almost sound like the ECB saying to Greece: “Look, we have too many of your bonds on our books. We lend you the money so that you can buy them back from us”.
And here is the million-Euro-question: if foreign funding of Greece actually declined in the last 2 years, how was the current account deficit during this time (46 BN EUR) financed? How was the capital flight during this period (estimated well over 50 BN EUR) financed? How was the budget deficit financed?
I have posed these questions to the Bank of Greece and I look forward to their answers!
----------------------------------------------------------------------------------------------------------------------------------
My thanks to Mr. George Zambanakis at the Bank of Greece who replied - overnight! - to my questions. And the answer is ---
Following IMF-guidelines, the Bank of Greece publishes the foreign debt based on market values and not based on nominal amounts. Details on the valuations were not provided but it would be fair to assume that only public bonds were revalued in such a manner (there is no "market value" for private loans). This would mean that sovereign bonds placed offshore did not decline from 206 BN EUR to 101 BN EUR nominally but were, for the most part, revalued in that amount. Put differently, the foreign debt of Greece would be about 100 BN EUR higher than published in the Bank of Greece statistics.
discipline
Forumer storico
La cosa è a suo modo divertentenon sapevo che i nostri corsi fossero orientati su quelli di Atene...
Oppure anche per loro....una fazza una razza?
Noi pensiamo che se in Germania si compra è perché sanno qualcosa che noi ignoriamo..
Loro pensano che se da noi si compra deve essere un affare perché siamo dei furbastri..
giub
New Membro
sai, quando si brancola nel buio, quando anche le più semplici regole vengono regolarmente smentite, ci si attacca a tutto. Sul fol dominano maghi e scaramantici.
Ma tutti, anche noi, prestiamo orecchio a ogni segnale, a volte apriamo dibattiti su teorici piani proposti da bankingnews.gr su ipotesi velleitarie di innovativi ed inauditi riparti senza default (i 100k).
Comunque ormai ci siamo. L'unico possibile rinvio potrebbe avvenire solo tramite un prestito ponte d'urgenza dell'UE per pagare le marzo.
Ultima modifica:
russiabond
Il mito, la leggenda.
....da paura ....
comunque meglio ...tardi che mai ...si stanno accorgendo che la marzo 12 scotta a 50 ...
già io se riuscissi switcherei le 2022 a 24 e spicci per rientrare a 21 e spicci sulle 2037 ...
...pensa un po se tenevo le 2012 a 50 ...neanche se mi incatenano ...
queste iene ...hanno finito di prendere per il kulo le persone ...non credo neanche ad una parola che esce dalla loro bocca...
credo solo ai prezzi ...
Ultima modifica:
karl
M.A.S.
E' come quando si viaggia in macchina nella debbia fitta e tutti si accodano al primo pensando di farsi guidare; magari il primo è un vecchietto che non vede da qui a lì.
- Stato