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Weekly Eurozone Watch: November 30, 2012

Posted By Global Macro Monitor On November 30, 2012 @ 5:30 pm In Think Tank | Comments Disabled

Key Data Points1
German 10-year Bund 5 bps lower;
France 10-year 6 bps tighter to the Bund;
Ireland 7 bps wider;
Italy 20 bps tighter;
Spain 25 bps tighter;
Portugal 23 bps tighter;
Greece 30bps tighter;
Large Eurozone banks up  0.5-3 percent;
Euro$ up 0.33 percent.

Comments
- France, Italy, and Greece 10-year yields at lowest weekly close of the year;
- Rumors circulate about downgrade of ESM and EFSF bailout funds;
- Bundestag approves Greek deal without the Chancellor’s Majority and only with the support of the opposition  – 473 MPs in favor and 100 MPs against, 100 MPs abstained;
- October youth unemployment rate in Eurozone rises to 23.9 percent, up from 21.9 percent a year ago;

Nov30_Euozone_Greece [1]

Not all countries have the same sense of urgency as some months ago.

- José Manuel Barroso [2], President of the EC

WEZ_Spread_Week [3]WEZ_Bank_Week [4]WEZ_Spread_YTD [5]WEZ_Bank_YTD [6]WEZ_Yields [7]WEZ_EuroFX [8]

 

(click here [9] 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-november-30-2012/

URLs in this post:

[1] Image: http://macromon.wordpress.com/2012/11/30/weekly-eurozone-watch-24/nov30_euozone_greece/

[2] José Manuel Barroso: http://ec.europa.eu/economy_finance/bef2011/speakers/jose-manuel-barroso/index.html

[3] Image: http://macromon.wordpress.com/2012/11/30/weekly-eurozone-watch-24/wez_spread_week-5/

[4] Image: http://macromon.wordpress.com/2012/11/30/weekly-eurozone-watch-24/wez_bank_week-6/

[5] Image: http://macromon.wordpress.com/2012/11/30/weekly-eurozone-watch-24/wez_spread_ytd-6/

[6] Image: http://macromon.wordpress.com/2012/11/30/weekly-eurozone-watch-24/wez_bank_ytd-6/

[7] Image: http://macromon.wordpress.com/2012/11/30/weekly-eurozone-watch-24/wez_yields-5/

[8] Image: http://macromon.wordpress.com/2012/11/30/weekly-eurozone-watch-24/wez_eurofx-5/

[9] here: http://macromon.wordpress.com/2012/11/30/weekly-eurozone-watch-24/

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