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G20 bond victory – stock market ignores reality?
The G20 meeting in Toronto brought a slight victory for bond owners as governments agreed […]
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Greek CDS blow-out
On Wednesday Greek CDS (Credit Default Swaps) blew out to a new record of 1,118 […]
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Red flag alert: Greek 10yr government bond yield surpasses 10%
Greek 10yr government bond yields today reached 10.37% (+0.60) as credit default swaps (cost of […]
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Swiss Franc exchange rate controls – 1971/2 deja vu?
After having spent half of Swiss GDP on intervening (unsuccessfully, see chart) in the foreign […]
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Euro crisis not going away – when will Greece be allowed to default?
The love affair with Spanish debt (after recent auction) was short – the 5yr CDS […]
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Greece replaces Argentina in ranking of sovereigns likely to go bust
Greek 10yr government bond yields 9.48% (+0.07) today – on their seemingly unstoppable march towards […]
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Who is right – the bond or the stock market?
Since six months the correlation between 10yr Treasury bond yields (purple, left hand scale) and […]
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Is corporate debt safer than government debt?
Another day in the bond market, another day of sovereign spread widening. 10yr Greeks now […]
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Greek 10yr bond yield above 9% after downgrade – Spain next?
When a picture speaks louder than words: the Greek 10yr bond yield. After Moody’s downgraded […]
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Greece: A Ratings History
Everything seemed fine until end 2009. Few people talked about it. The debt was there. […]