Titoli di Stato Italia Trading Titoli di Stato III° (Gennaio 2010 - Dicembre 2011) (24 lettori)

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stefanofabb

GAIN/Welcome
tassi:attese di mercato

Rilevazione del 03-11-2010
alle ore 19:30
Periodo Tassi %
---------- --Euro-- --USA-- --UK--
03-11-2010 1,040 0,490 0,960
-----------------------------------
15/12/2010 1,125 0,315 0,750
16/03/2011 1,240 0,375 0,810
15/06/2011 1,325 0,410 0,890
21/09/2011 1,410 0,465 1,000
21/12/2011 1,525 0,530 1,130
21/03/2012 1,610 0,605 1,260
20/06/2012 1,700 0,710 1,400
19/09/2012 1,785 0,835 1,560
19/12/2012 1,895 1,000 1,730
20/03/2013 1,985 1,180 1,900
buon giorno a tutti del 3d
 

stefanofabb

GAIN/Welcome
(Il Sole 24 Ore Radiocor) - Milano, 04 nov - Forniamo di
seguito, in collaborazione con Intesa Sanpaolo il calendario
dei principali eventi in Europa e in Asia della giornata
(dati macroeconomici e appuntamenti istituzionali).
EUR - Pmi composito (finale), ottobre h. 9,00
Precedente: 53,4 / consenso: 53,4
EUR - Pmi servizi (finale), ottobre h. 9,00
Precedente: 53,2 / consenso: 53,2
ITA - Pmi servizi, ottobre h. 9,45
Precedente: 51,3 / consenso: 50
FRA - Pmi servizi (finale), ottobre h. 9,50
Precedente: 55,3 / consenso: --
GER - Pmi servizi (finale), ottobre h. 9,55
Precedente: 56,6 / consenso: 56,6
EUR - Ppi aa, settembre h. 11,00
Precedente: 3,6% / consenso: 4,2%
GIA - Discorso di Shirakawa (BoJ) h. 3,30
GB - Riunione BoE - annuncio tassi (previsione Intesa
Sanpaolo: bank rate stabile allo 0,5% e Apf inv.) h.12
EUR - Riunione Bce - annuncio tassi (prev.
Intesa Sanpaolo: refi stabile a 1,0%) h. 13,45
EUR - Conferenza stampa di Trichet (Bce) h.14,30
:)
 

tommy271

Forumer storico
Oggi il nostro FBTP ha aperto in netto calo, ma sempre entro l'arco oscillatorio a cui siamo abituati.
Ieri non è riuscito a sfondare i 116,80. Vediamo se oggi riesce a scendere sotto i 116,20.
 

stefanofabb

GAIN/Welcome
tassi IRS

Euro Dollaro USA Sterlina Inglese Yen Giapponese
bid / ask bid / ask bid / ask bid / ask
1 anno 1.38 1.41 1.06 1.11 0.35 0.41
2 anni 1.58 1.61 0.45 0.49 1.27 1.32 0.35 0.41
3 anni 1.75 1.78 0.67 0.71 1.53 1.58 0.36 0.42
4 anni 1.93 1.96 0.98 1.02 1.81 1.86 0.4 0.46
5 anni 2.10 2.13 1.33 1.37 2.07 2.12 0.45 0.51
6 anni 2.26 2.29 1.66 1.70 2.33 2.38 0.53 0.59
7 anni 2.40 2.43 1.96 2.00 2.57 2.62 0.62 0.68
8 anni 2.53 2.56 2.21 2.25 2.78 2.83 0.74 0.80
9 anni 2.63 2.66 2.42 2.46 2.96 3.01 0.86 0.92
10 anni 2.72 2.75 2.60 2.64 3.12 3.17 0.98 1.04
15 anni 3.01 3.04 3.58 3.62 3.58 3.63 1.44 1.52
20 anni 3.05 3.08 3.65 3.69 3.75 3.80 1.69 1.77
25 anni 2.99 3.02 3.82 3.87
30 anni 2.88 2.91 3.64 3.68 3.84 3.89 1.84 1.92

Franco Svizzero Corona Danese
bid / ask bid / ask
1 anno 1.69 1.74
2 anni 0.47 0.55 1.88 1.93
3 anni 0.70 0.78 2.05 2.10
4 anni 0.92 1.00 2.22 2.27
5 anni 1.12 1.20 2.37 2.42
6 anni 1.31 1.39 2.51 2.56
7 anni 1.46 1.54 2.63 2.68
8 anni 1.58 1.66 2.73 2.78
9 anni 1.68 1.76 2.82 2.87
10 anni 1.76 1.84 2.90 2.95
15 anni 1.99 2.09
20 anni 1.96 2.06
25 anni
30 anni;)
 

belindo

Guest
Oggi il nostro FBTP ha aperto in netto calo, ma sempre entro l'arco oscillatorio a cui siamo abituati.
Ieri non è riuscito a sfondare i 116,80. Vediamo se oggi riesce a scendere sotto i 116,20.


Dopo non essere riuscito ieri sera a vendere in tempo, questa amttina ho avuto un pò da fare e mi collego solo adesso :eek::eek:
Un crollo ninete male!
Future in forte calo non ancora interrotto, CDS in aumento, spread in aumento, l'unico dato positivo è IRS 30a che cala :rolleyes:
 

tommy271

Forumer storico
Berlusconi Partying With Minor Raises Bond Risk: Euro Credit

November 04, 2010, 5:48 AM EDT

By Anchalee Worrachate and Lorenzo Totaro
Nov. 4 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi faces calls for his resignation amid a sex-related scandal, driving up bond yields a month after he quelled a revolt that threatened to bring down his government.

The yield premium investors demand to hold Italian 10-year debt rather than German bunds has climbed to a one-month high of 152 basis points yesterday. Borrowing costs for European Union’s most-indebted countries soared this week as the EU planned rules to allow members to restructure debt. Italy may face the added risk of a change in government or political paralysis as Berlusconi battles to keep his ruling coalition intact.

Opposition leaders called for Berlusconi to step down this week amid reports in Italy’s biggest newspapers, including Corriere della Sera, that he intervened to get a 17-year-old woman, who attended a party at his private residence, released from police custody. Gianfranco Fini, a former ally who split from Berlusconi’s party in July and whose support the premier needs to stay in power, said Berlusconi should quit if it’s proven he intervened to secure the girl’s release.

“Investors should not ignore political risk given what’s going on now,” said David Schnautz, a fixed-income strategist at Commerzbank AG in London. “I’m not saying Berlusconi is about to sink, but there’s a risk the market appears to be underestimating. Italy might not have the fiscal problem that Portugal or Ireland have, but you still need a strong and efficient government to push things through. And in this environment, confidence is everything.”

Sent a Friend

Berlusconi doesn’t deny helping the girl, saying he simply sent a friend -- his former dental hygienist who is now a regional politician for his party -- to the police station in Milan to aid the woman upon her release. In a Nov. 2 interview with “Oggi” magazine, the woman said she attended a party at Berlusconi’s Milan residence with 10 other women and was given cash and gifts by the premier. The party was in February, months before her unrelated arrest in May on suspicion of theft.

Massimo D’Alema, a former prime ministers who heads the parliamentary committee that oversees the country’s secret service, yesterday called on Berlusconi to appear before the group to discuss security issues raised by the revelations.

Berlusconi, who has more than two years left in his term, said Nov. 2 he wouldn’t resign and early elections would threaten the economic recovery. Italy emerged from its worst recession in 60 years last year and the economy is set to expand 1.2 percent this year after shrinking 5 percent in 2009. That contrasts with contractions forecast for Greece and Spain.

Elections a Risk

“The most negative and gravest thing for our country, which is emerging with difficulty from a profound crisis, would be to have to face an election campaign in which everyone would go after each other ferociously,” he said in a Nov. 2 speech in Milan.

In a poll for RAI state-owned television broadcast Nov. 2, 45 percent of respondents said Berlusconi should resign. Standard & Poor’s, in reaffirming Italy’s A+ credit rating the same day, said political instability was one of the biggest risks to the country’s creditworthiness going forward.

The latest political headache for Berlusconi coincides with a renewed slump in peripheral bonds after Germany forced EU leaders to accept the notion that bond investors must share the costs of any future bailouts. German Chancellor Angela Merkel said Oct. 29 that there is “a justified desire to see that it’s not just taxpayers who are on the hook, but also private investors.”

The resulting jump in yields may have the biggest effect on Italy, which has the euro-region’s largest debt and still needs to sell more bonds than the others this year. The Italian yield spread with Germany today narrowed 2 basis points to 150.

Merkel a ‘Threat’

“Another risk factor is the new debt-crisis mechanism,” said Fabrizio Fiorini, the head of fixed income at Alletti Gestielle SGR SpA in Milan, who manages about $8 billion in assets. “Merkel is perceived as more of a threat to the Italian spread than Berlusconi.”

Italy accounts for more than a third of the 71 billion euros ($100 billion) of bonds EU governments will sell in November, HSBC Holdings Plc estimates. With the EU’s biggest debt at almost 120 percent of gross domestic product last year and the euro zone’s third-largest economy, Italy’s financing needs dwarf the other peripheral nations. Next year Italy will sell more than 225 billion euros of bonds, more than Spain, Portugal, Greece and Ireland combined, ING estimates.

Credit default swaps to ensure against a possible Italian default rose to 182 basis points yesterday, the highest in three weeks. That is more than similar insurance for Kazakhstan, Indonesia and the Philippines.

Debt Rules

So far Italy has fared better than the other peripherals during the debt crisis. The economy is growing and a deficit of 5.3 percent last year is less than half that of Ireland, Greece and Spain. Italian bonds have gained 4.8 percent this year, compared with losses for Spain, Ireland, Portugal and Greece.

Berlusconi’s political travails risk prompting investors to focus on the country’s biggest fiscal weakness, its outstanding debt, said Bill Blain, strategist at Matrix Corporate Capital LLP in London.

The nominal size of Italy’s debt at about 1.8 trillion euros makes it too large to be shored up by the EU’s 750 billion-euro financial backstop set up after Greece’s near default in May. To prevent future crises, the EU is also considering ways of enforcing its existing rules on debt levels, requiring total borrowing of no more than 60 percent of GDP. Such a move would force Italy to make deficit cuts on a scale far larger than those hobbling Greece’s recovery, Blain said.

“It becomes a crisis when a majority of investors start to put the many parts of the Italian jigsaw together and realize they just don’t fit,” he said. “That’s when it may become clear that an apparently strong economy is founded on a sandpit of state debt.”

(Bloomberg)

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