Weekly Eurozone Watch, December 28, 2012
Posted By Global Macro Monitor On December 28, 2012 @ 6:00 pm In Think Tank | Comments Disabled
Key Data Points
German 10-year Bund 7 bps lower;
France 8 bps wider to the Bund;
Ireland 8 bps wider;
Italy 9 bps wider;
Spain 7 bps wider;
Portugal 7 bp wider;
Greece 7 bps wider;
Large Eurozone banks weekly change, 0.22 to -3.0 percent;
Euro$ up 0.22 percent.
Comments
- Mario Monti announced he will run as a full-blown prime ministerial candidate in the Italian elections;
- German finance minister Wolfgang Schaeuble speaking on the Eurozone crisis, “I think the worst is behind us”;
- Spain’s house prices are expected to fall another 30 percent over the next decade;
- Ireland’s house prices rose at the fastest pace in six years;
Source: Guardian [1] and Telegraph [2]
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We are not thinking of asking the European Central Bank to intervene and buy bonds in the secondary market…But we can’t rule it out in the future.
– Mariano Rajoy, Prime Minister of Spain
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(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/2012/12/weekly-eurozone-watch-december-28-2012/
URLs in this post:
[1] Guardian: http://www.guardian.co.uk/business/2012/dec/28/eurozone-crisis-french-gdp-fiscal-cliff
[2] Telegraph: http://www.telegraph.co.uk/finance/debt-crisis-live/
[3] Image: http://macromon.wordpress.com/2012/12/28/weekly-eurozone-watch-26/dec28_monti/
[4] Image: http://macromon.wordpress.com/2012/12/28/weekly-eurozone-watch-26/wew_spread_ytd-4/
[5] Image: http://macromon.wordpress.com/2012/12/28/weekly-eurozone-watch-26/wew_bank_week-4/
[6] Image: http://macromon.wordpress.com/2012/12/28/weekly-eurozone-watch-26/wew_spread_ytd-5/
[7] Image: http://macromon.wordpress.com/2012/12/28/weekly-eurozone-watch-26/wew_bank_ytd-5/
[8] Image: http://macromon.wordpress.com/2012/12/28/weekly-eurozone-watch-26/wez_yields-9/
[9] Image: http://macromon.wordpress.com/2012/12/28/weekly-eurozone-watch-26/wew_eurofx-4/
[10] here: http://macromon.wordpress.com/2012/12/28/weekly-eurozone-watch-26/
Click here to print.