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Weekly Eurozone Watch August 31, 2012

Posted By Global Macro Monitor On August 31, 2012 @ 7:30 pm In Think Tank | Comments Disabled

Key Data Points
German 10-year Bund 2 bps lower;
Italy 10-year 15 bps wider to the Bund;
Spain 46  bps wider;
Portugal 7 bps tighter;
Greece 54 bps tighter;
Large Eurozone banks higher;
Euro$ up 0.31 percent.

Commentary

Prime Minister Mariano Rajoy delayed seeking a second rescue for Spain while pledging to continue bailing out its regions as Valencia requested more money to settle bills and cover debt…

Rajoy reiterated Spain won’t seek a second bailout until European leaders make aid conditions clear. Spain locked in as much as 100 billion euros in international aid for banks last month. The yield on Spain’s 10-year benchmark bond rose 13 basis points at 5:44 p.m. in Madrid, widening the gap with similar German maturities to 5.27 percentage points.  - Bloomberg [1]

 

[2] [3] [4] [5] [6] [7](click here [8] if charts are not observable)


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URL to article: http://www.ritholtz.com/blog/2012/08/weekly-eurozone-watch-august-31-2012/

URLs in this post:

[1] Bloomberg: http://www.businessweek.com/news/2012-08-29/rajoy-seeks-support-for-spain-debt-as-regions-line-up-for-aid

[2] Image: http://macromon.wordpress.com/2012/08/31/weekly-eurozone-watch-16/wezw_spread_week-10/

[3] Image: http://macromon.wordpress.com/2012/08/31/weekly-eurozone-watch-16/wezw_bank_week-9/

[4] Image: http://macromon.wordpress.com/2012/08/31/weekly-eurozone-watch-16/wezw_spread_ytd-12/

[5] Image: http://macromon.wordpress.com/2012/08/31/weekly-eurozone-watch-16/wezw_bank_ytd-11/

[6] Image: http://macromon.wordpress.com/2012/08/31/weekly-eurozone-watch-16/wezw_yield-10/

[7] Image: http://macromon.wordpress.com/2012/08/31/weekly-eurozone-watch-16/wezw_eurofx-10/

[8] here: http://macromon.wordpress.com/2012/08/31/weekly-eurozone-watch-16/

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