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Weekly Eurozone Watch

Posted By Global Macro Monitor On November 2, 2012 @ 5:00 pm In Think Tank | Comments Disabled

German 10-year Bund 9 bps lower;
France 10-year 6 bps wider to the Bund;
Italy 13 bps wider;
Spain 16 bps wider;
Portugal  46 bps wider;
Ireland 6 bps wider;
Greece 99 bps wider;
Large Eurozone banks up 0-5 percent;
Euro$ down 0.66 percent.

Growing fears Greece  unlikely to pass €13.5bn reform package needed to unleash EU aid;
Eurozone unemployment rate [1] hits record high at 11.6% with 18.5m people out of work;  Italy sold 10 year bonds at a yield of4.92%, the lowest since May 2011.

For Germany, economics is a branch of moral philosophy. Growth is the prize for ethical behaviour. On the part of the individual – by saving – and on the part of the group – through budgetary equilibrium.
- Mario Monti [2], Italian Prime Minister

[3] [4] [5] [6] [7] [8] [9]

(click here [10] if charts are not observable)


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2012/11/weekly-eurozone-watch-5/

URLs in this post:

[1] Eurozone unemployment rate: http://www.guardian.co.uk/news/datablog/2012/oct/31/europe-unemployment-rate-by-country-eurozone

[2] Mario Monti: http://htl.li/eXRRd

[3] Image: http://macromon.wordpress.com/2012/11/02/weekly-eurozone-watch-20/nov2_wez_unemployment/

[4] Image: http://macromon.wordpress.com/2012/11/02/weekly-eurozone-watch-20/wez_spread_week/

[5] Image: http://macromon.wordpress.com/2012/11/02/weekly-eurozone-watch-20/wez_bank_week/

[6] Image: http://macromon.wordpress.com/2012/11/02/weekly-eurozone-watch-20/wez_spread_ytd/

[7] Image: http://macromon.wordpress.com/2012/11/02/weekly-eurozone-watch-20/wez_bank_ytd/

[8] Image: http://macromon.wordpress.com/2012/11/02/weekly-eurozone-watch-20/wez_yields/

[9] Image: http://macromon.wordpress.com/2012/11/02/weekly-eurozone-watch-20/wez_eurofx/

[10] here: http://macromon.wordpress.com/2012/11/02/weekly-eurozone-watch-20/

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