Tag Archives: Mario Draghi

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: 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 →

Posted in Weekly Eurozone Watch | Tagged , , , , , | Leave a comment

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

The Market’s “Jerry Maguire” Moment

Posted on August 30, 2012 by

How can we pass on posting one of the funniest scenes in movie history,  which is an almost perfect allegory of where markets stand today? We will let you decide if Ben Bernanke or Mario Draghi is the real Jerry … Continue reading →

Posted in Monetary Policy | Tagged , , , , | 1 Comment

Sweet & Sour Channel Stuffing and the Shanghai Swan Dive

Posted on August 27, 2012 by

The news out China seems to be getting worse. Last week the NY Times reported about China’s huge inventory build of unsold goods, GUANGZHOU, China — After three decades of torrid growth, China is encountering an unfamiliar problem with its … Continue reading →

Posted in Black Swan Watch, China, ECB | Tagged , , , | 5 Comments

Weekly Eurozone Watch

Posted on August 10, 2012 by

Key Data Points German 10-year bund 4 bps lower; Italy 10-year 11 bps tighter to the Bund; Spain 10  bps wider; Portugal 96 tighter; Greece 92 bps tighter; Large Eurozone banks continue their ramp; Euro$ down 0.60 percent; Comment Relatively … Continue reading →

Posted in Weekly Eurozone Watch | Tagged , , , , , , , | 1 Comment

Enter the Draghi (Plan)

Posted on August 7, 2012 by

The only thing new in the “Draghi Plan”, as far as we can see,  is the potential big bazooka #4  — unsterilized (?) purchases of periphery bonds by the  ECB. Still,  though, countries will have to submit to conditionality — … Continue reading →

Posted in ECB, Euro, Italian Yields, PIIGS, Sovereign Debt, Sovereign Risk, Spain | Tagged , , , , | Leave a comment

Weekly Eurozone Watch: Conditionality

Posted on August 3, 2012 by

Key Data Points German 10-year bund 3 bps higher; France 10-year 14 bps tighter to the Bund; Italy 42 bps wider; Spain 8 bps wider; Portugal 36 tighter; Ireland 20 bps tighter; Greece 144 bps tighter; Large Eurozone banks up … Continue reading →

Posted in Weekly Eurozone Watch | Tagged , , , , , , | 1 Comment

Say it ain’t so, Mario!

Posted on August 2, 2012 by

(click here if video is not observable)

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