By Leonidas Stergiou Discussions on the European Central Bank’s (ECB) new tool to intervene in bond spreads began in Frankfurt late last week, with results so poor that some sources with knowledge of developments doubt it will be ready by the 21st. July, i.e. until the next meeting, as announced. The debate will continue in […]
Tag: spread
The scenarios for Greece’s next market exit
By Tasos Dasopoulos The periods of calm, between the storm sweeping the European economy, will be sought by the Ministry of Finance in order to advance the 12 billion euro loan program that it has announced for this year from the end of 2021. However, the road until September has two increases in the basic […]
What has the ECB decided on the bond crisis? Nothing
By Marcus Ashworth “It’s nothing, but it’s nothing.” The philosopher Ludwig Wittgenstein wrote about the inability to discuss private senses such as pain. It could, however, hypothetically describe the European Central Bank’s announcement on Wednesday in the same way, following an emergency meeting of policymakers that took more than three hours to produce less than […]
Goldman Sachs, Citi, Capital Economics: The only way out is the new spread of spreads – The market will ‘test’ the tolerance of the ECB
Her Eleftherias Kourtali Recently, the strong sell-off suffered by the bonds of the euro area and especially the region – with the yield of the Greek 10-year reaching even 3.8% – has eased, but the volatility is strong in the market due to the aggressive stance of the ECB and the certain increase in interest […]
Citi: Cuts growth forecasts internationally, launches inflation forecasts – ‘Brake’ in Greece ratings
Of Eleftheria Kourtali Two years after the pandemic began, another seismic exogenous shock derailed the global economy, Citigroup said in a report on its global outlook today. As a result of the Russia-Ukraine conflict, Citi economists are revising upwards the short-term inflation forecasts in almost every economy they cover, and at a significant rate. Similarly, […]
Goldman Sachs: No worries about spread spreads – Higher borrowing costs will be offset by growth
Her Eleftherias Kourtali Goldman Sachs is not worried about the impact of rising eurozone bond yields on the sustainability of public finances in high-debt countries, saying higher borrowing costs will be offset by the emerging economy. As the American bank notes in today’s report, the European bond market has made a rapid “turnaround”. This is […]
Goldman Sachs: No worries about launching spreads
Her Eleftherias Kourtali Goldman Sachs is not worried about the impact of rising eurozone bond yields on the sustainability of public finances in high-debt countries, saying higher borrowing costs will be offset by the emerging economy. As the American bank notes in today’s report, the European bond market has made a rapid “turnaround”. This is […]