Max11
Forumer attivo
Anche a me non piacciono molto, ma potrebbero essere quelli più disponibili.
C'è qualcuno che ha le competenze e le conoscenze (anche storiche, degli ultimi 3 anni) per seguire il suggerimento di Scrambler?
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 2
- Creatore Discussione tommy271
- Data di Inizio
- Stato
Anche a me non piacciono molto, ma potrebbero essere quelli più disponibili.
C'è qualcuno che ha le competenze e le conoscenze (anche storiche, degli ultimi 3 anni) per seguire il suggerimento di Scrambler?
tommy271
Forumer storico
Da quel che mi sembra capire, in una settimana la situazione è sempre la stessa......la bilancia non pende ne da una parte ne dall' altra.
Io dico 77 ~82...
Carib dice molto al di sotto di 75....66 se non ricordo....
...Vedremo.....
...Intanto sembrano rimandare ancora
...per non smentirsi
Arriveranno appena sopra il 75%, poi CACcheranno tutti.
Rimane forse possibile qualche azione da "Selective Default" sulle scadenze più vicine, salvando quelle più lontane, per non far scattare i CDS sul debito.
L'ipotesi è remota, vedremo se si inventeranno qualcosa alla "stordits"
... holdout sul resto con default ad 1 cent 
.
Tobia
Forumer storico
Da quel che mi sembra capire, in una settimana la situazione è sempre la stessa......la bilancia non pende ne da una parte ne dall' altra.
Io dico 77 ~82...
Carib dice molto al di sotto di 75....66 se non ricordo....
...Vedremo.....
...Intanto sembrano rimandare ancora
...per non smentirsi
in base a cosa fate tali stime?
lo dico per cercare di capire.....
tommy271
Forumer storico
Quale default?
Non mi sembra di vederne all'orizzonte
.Sono curioso di vedere cosa si inventa l'ISDA: se paga ... son soldoni, se non paga rischia di mettere in moto dei processi molto pericolosi.
GiveMeLeverage
& I will remove the world
Greece threatens default on PSI holdouts
By Richard Milne and David Oakley
Greece threatened to default on any of its bondholders who do not take part in this week’s €206bn debt swap, raising the pressure on potential holdouts.
The Greek public debt management agency said in a statement that Athens “does not contemplate the availability of funds to make payments to private sector creditors that decline to participate in PSI”.
The threat is aimed in particular at the 14 per cent of investors who own Greek bonds issued under international law. The remaining 86 per cent, who own bonds covered by Greek law, were warned in the same statement that Greece would use so-called collective action clauses to make any deal binding on any holdouts. That would almost certainly trigger credit default swaps, something that made many European policymakers very nervous until recently.
A Greek debt restructuring would mark the first time in more than 60 years that a western nation had defaulted.
People involved in the deal said there would be no sympathy for any holdouts in the international law bonds, as many of them were hedge funds who had bought in on the hope of being paid back in full as other investors suffered losses of about 75 per cent.
“They will be portrayed as evil hedge funds and nobody will have any pity for them. That means you can be violent with them. They need to realise that they don’t have a free option here,” one person close to the deal said.
Charles Blitzer, former assistant director of the IMF’s capital markets division, said the announcement signalled for the first time Athens’ intention to stop payment on any foreign-law bond that did not participate in the restructuring. “There is no commitment not to pay, but there is a threat,” he said.
Separately, the body representing a substantial number of Athens’ private sector government bond holders warned that the cost of a Greek disorderly default and exit from the single currency could rise to €1tn.
The Institute of International Finance said that the contingent liabilities – potential losses across the eurozone – of a disorderly default would probably be in excess of €1tn, in a confidential document to staff.
The IIF, which is representing global banks, asset managers and investors in negotiations over the €206bn debt swap of Greek bonds, said in the note: “There are some very important and damaging ramifications that would result from a disorderly default on Greek government debt.
“Most directly it would impose significant further damage on an already beleaguered Greek economy, raising serious social costs.”
But it warned the costs would spread across the entire eurozone, saying the contingent liabilities that could result in the event of a disorderly default would seem to include direct losses on Greek debt holdings of €73bn made up from both private and public sector creditors.
The European Central Bank would also face “sizeable losses” of €177bn, which the IIF said amounts to “over 200 per cent” of the ECB’s capital base.
The IIF went on to warn that the additional support needed for the governments and banks of both Portugal and Ireland to shelter them from fears of contagion could reach a combined €380bn over a five-year horizon.
The support needed to protect Spain and Italy from the same contagion fears could reach €350bn.
The ECB would be directly damaged by a Greek default, and would come under pressure to significantly expand its bond purchase programme to support sovereign debt markets. Bank recapitalisation costs, could easily be €160bn.
The document concluded: “It is difficult to add all these contingent liabilities up with any degree of precision, although it is hard to see how they would not exceed €1tn.”
The IIF wants bondholders to sign up for the bond swap deal by a deadline on Thursday, aimed at saving Greece more than €100bn and putting the country on a more stable footing.
One senior investor said: “The IIF wants creditors to accept the Greek debt swap. They want to get a deal done. This could be considered as scare-mongering by the IIF.”
Another investor said: “The IIF wants to make sure bond-holders take part in this deal. But, having said that, a disorderly Greek default would definitely be very costly for Greece and the eurozone.”
Eurozone peripheral bond markets fell because of uncertainty over Greece amid unsubstantiated rumours that the debt swap, which is due for completion on Thursday, could be delayed.
Italian 10-year government bond yields, which have an inverse relationship with prices, rose 13 basis points to 5.03 per cent and Spanish yields increased 17bp to 5.10 per cent.
By Richard Milne and David Oakley
Greece threatened to default on any of its bondholders who do not take part in this week’s €206bn debt swap, raising the pressure on potential holdouts.
The Greek public debt management agency said in a statement that Athens “does not contemplate the availability of funds to make payments to private sector creditors that decline to participate in PSI”.
The threat is aimed in particular at the 14 per cent of investors who own Greek bonds issued under international law. The remaining 86 per cent, who own bonds covered by Greek law, were warned in the same statement that Greece would use so-called collective action clauses to make any deal binding on any holdouts. That would almost certainly trigger credit default swaps, something that made many European policymakers very nervous until recently.
A Greek debt restructuring would mark the first time in more than 60 years that a western nation had defaulted.
People involved in the deal said there would be no sympathy for any holdouts in the international law bonds, as many of them were hedge funds who had bought in on the hope of being paid back in full as other investors suffered losses of about 75 per cent.
“They will be portrayed as evil hedge funds and nobody will have any pity for them. That means you can be violent with them. They need to realise that they don’t have a free option here,” one person close to the deal said.
Charles Blitzer, former assistant director of the IMF’s capital markets division, said the announcement signalled for the first time Athens’ intention to stop payment on any foreign-law bond that did not participate in the restructuring. “There is no commitment not to pay, but there is a threat,” he said.
Separately, the body representing a substantial number of Athens’ private sector government bond holders warned that the cost of a Greek disorderly default and exit from the single currency could rise to €1tn.
The Institute of International Finance said that the contingent liabilities – potential losses across the eurozone – of a disorderly default would probably be in excess of €1tn, in a confidential document to staff.
The IIF, which is representing global banks, asset managers and investors in negotiations over the €206bn debt swap of Greek bonds, said in the note: “There are some very important and damaging ramifications that would result from a disorderly default on Greek government debt.
“Most directly it would impose significant further damage on an already beleaguered Greek economy, raising serious social costs.”
But it warned the costs would spread across the entire eurozone, saying the contingent liabilities that could result in the event of a disorderly default would seem to include direct losses on Greek debt holdings of €73bn made up from both private and public sector creditors.
The European Central Bank would also face “sizeable losses” of €177bn, which the IIF said amounts to “over 200 per cent” of the ECB’s capital base.
The IIF went on to warn that the additional support needed for the governments and banks of both Portugal and Ireland to shelter them from fears of contagion could reach a combined €380bn over a five-year horizon.
The support needed to protect Spain and Italy from the same contagion fears could reach €350bn.
The ECB would be directly damaged by a Greek default, and would come under pressure to significantly expand its bond purchase programme to support sovereign debt markets. Bank recapitalisation costs, could easily be €160bn.
The document concluded: “It is difficult to add all these contingent liabilities up with any degree of precision, although it is hard to see how they would not exceed €1tn.”
The IIF wants bondholders to sign up for the bond swap deal by a deadline on Thursday, aimed at saving Greece more than €100bn and putting the country on a more stable footing.
One senior investor said: “The IIF wants creditors to accept the Greek debt swap. They want to get a deal done. This could be considered as scare-mongering by the IIF.”
Another investor said: “The IIF wants to make sure bond-holders take part in this deal. But, having said that, a disorderly Greek default would definitely be very costly for Greece and the eurozone.”
Eurozone peripheral bond markets fell because of uncertainty over Greece amid unsubstantiated rumours that the debt swap, which is due for completion on Thursday, could be delayed.
Italian 10-year government bond yields, which have an inverse relationship with prices, rose 13 basis points to 5.03 per cent and Spanish yields increased 17bp to 5.10 per cent.
Nobody's
Γένοιο οἷος εἷ
Nobody's
Γένοιο οἷος εἷ
Arriveranno appena sopra il 75%, poi CACcheranno tutti.
Rimane forse possibile qualche azione da "Selective Default" sulle scadenze più vicine, salvando quelle più lontane, per non far scattare i CDS sul debito.
L'ipotesi è remota, vedremo se si inventeranno qualcosa alla "stordits"
Soldi i cassa non credo ci siano......ma non hai risposto....
Se lo fanno anche sulle brevi....."select" è DEFAULT....partono i Trigger
Nobody's
Γένοιο οἷος εἷ
Quale default?
Non mi sembra di vederne all'orizzonte
Sono curioso di vedere cosa si inventa l'ISDA: se paga ... son soldoni, se non paga rischia di mettere in moto dei processi molto pericolosi.
Non so se sei ironico
Road Glide
Forumer attivo
Per carità, ormai sui ggb ho raggiunto la pace dei sensi e ho dimenticato da tempo il significato del termine "tentazione"
Porterò a termine quello che ho, avendo tutti titoli brevi acquistati seguendo la mia strategia che li riteneva meno rischiosi.
Se mi ristruttureranno dovranno obbligarmi, le perdite saranno accettabili e non rappresenteranno affatto la mia rovina.
Certo avrei potuto ritrovarmi con un pmc decisamente più basso se non avessi il difetto di entrare ed uscire sempre con un po' di anticipo. Ma così è
ferdo
Utente Senior
mah, leggendo l'articolo di sopra, esiste la possibilità che possano CACare i GR e fare dflt sugli international law?!
a me sembra non percorribile perchè in tal modo anche i nuovi bond UK law andrebbero in dflt, ma giusto per capire
in fin de conto la lotta maggiore è con gli HF, e qualcosa potrebbero pure inventarsi - i GR sono già massacrati e dal destino certo
a me sembra non percorribile perchè in tal modo anche i nuovi bond UK law andrebbero in dflt, ma giusto per capire
in fin de conto la lotta maggiore è con gli HF, e qualcosa potrebbero pure inventarsi - i GR sono già massacrati e dal destino certo
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