Tag Archives: ECB

Weekly Eurozone Watch – ECB Cuts

Posted on May 3, 2013 by

Key Data Points German 10-year Bund 3 bps higher; France 5 bps wider to the Bund; Belgium 7 bps tighter; Ireland 25 bps tighter; Italy 27 bps tighter; Spain 27 bps tighter; Portugal 40 bps tighter; Greece 165 bps tighter; … Continue reading →

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IMF still keen on eurozone rate cut in face of weak growth

Posted on April 18, 2013 by

(click here if video is not observable)

Posted in ECB, Euro | Tagged , , , , | 1 Comment

Eurozone inflation falls for third straight month

Posted on April 3, 2013 by

Will this give Super Mario enough to cut rates?   The consensus is no.    Remember, ECB does not have the same full employment mandate as the Fed. (click here if video is not observable)

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Weekly Eurozone Watch – Markets “Revert Back”

Posted on March 8, 2013 by

Key Data Points German 10-year Bund 12 bps higher; France 10 bps tighter to the Bund; Belgium 11 bps tighter; Ireland 19 bps tighter; Italy 31 bps tighter; Spain 46 bps tighter; Portugal 56 bps tighter; Greece 61 bps tighter; … Continue reading →

Posted in Uncategorized, Weekly Eurozone Watch | Tagged , , , , , , , | 2 Comments

Euro slumps on ECB Draghi’s comments

Posted on February 7, 2013 by

“Exchange rate is not a policy target, but it is important for growth…”   – Mario Draghi (click here if video is not observable)

Posted in Euro, Monetary Policy | Tagged , , , | 4 Comments

Weekly Eurozone Watch

Posted on December 7, 2012 by

Key Data Points German 10-year Bund 9 bps lower; Ireland 18 bps wider; Italy 12 bps wider; Spain 23 bps tighter; Portugal 1 bp tighter; Greece 158 bps tighter; Large Eurozone banks up  -1.0 to 5 percent higher; Euro$ down … Continue reading →

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Ballooning of Central Bank Balance Sheets

Posted on December 4, 2012 by

Interesting data and charts from the IMF on the ballooning of central bank balance sheets. Since August 2007, the Fed’s balance sheet has increased by 221 percent, mainly through the purchase of government bonds and mortgage backed securities, with the … Continue reading →

Posted in Monetary Policy | Tagged , , , | 2 Comments

Speaking of the Irish….

Posted on November 15, 2012 by

Not only do we love Irish bands, we  owe much our heritage to the country. We’re also proud our distant relatives (less so with Twitter, however)  are working hard to take one of the eyes out the European PIIGS.   … Continue reading →

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Weekly Eurozone Watch: Comfortably Numb

Posted on September 7, 2012 by

Key Data Points German 10-year Bund 18 bps higher; Italy 10-year 97 bps tighter to the Bund; Spain 141  bps tighter; Portugal 140 bps tighter; Ireland 50 bps tighter; Greece 197 bps tighter; Large Eurozone banks 5-15 percent higher; Euro$ … Continue reading →

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Draghi Speaks, Markets Go Berserk

Posted on September 6, 2012 by

The potential disappointments were there in Draghi’s OMT policy announcement.   The markets didn’t care, however, as the perceived tail risk of sovereign default was taken off the table as was a Euro banking collapse circumvented by the LTROs. Central bankers … Continue reading →

Posted in Banking, ECB, Economics, Euro, Eurozone Sovereign Spreads, Monetary Policy | Tagged , , | 1 Comment