bonds

While Ireland, Greece, and Portugal do not have to sell any more bonds this year, Spain, on the other hand, has more three more bond auctions this year and three more bill auctions. Spain seeks to sell up to 4 bln euros of bonds…

I know I have seen that QE2 is failing a number of times in the last 24 hours. In support of such statements I offer the following two graphs from the 5 Min. Forecast: Since QE2 hasn't really started yet, it might be more…

The ECB confirmed market talk that it had stepped up if sovereign bond purchases last week as the debt strains reached crisis levels.  The European central banks bought 1.074 bln euros vs 711 mln the prior week.  This is the most…

from BBH colleague Win Thin We’re not sure why there is even any debate in the market about private sector burden sharing with regards to peripheral debt. Of course there will be haircuts involved. Looking at the current euro zone problems…

This is something that we were talking about last November: Bond insurer Ambac Financial has warned bankruptcy is a distinct possibility, sending its shares plummeting more than 30% today. What is intriguing about this pending…

The Federal Reserve is attempting to reflate the US economy to close the output gap and create jobs. They have decided to purchase medium-term Treasury paper to do so. But monetary policy is a blunt instrument. QE is already having all…

Highlights The dollar weakness after the FOMC gave way to a pretty steady and small trading range through the Asian session.  But the dollar experienced a sharp selloff in the European session as investors further increased their…

Despite austerity in Ireland, things have gone decidedly pear-shaped for the Irish government as its bank bailout-ridden deficit has ballooned to a magnificent 32% of GDP and debt spreads to German bunds are at record levels.…

There are two developments in China to note: The yuan appreciated in the spot market earlier today, after staging a relatively large decline yesterday.  At today's best dollar level, the yuan had weakened about 0.85% against the…

Sunday Greek deputy Prime Minister Pangalos told a local paper that in theory debt restructuring should not be completely ruled out, though the deficit would need to be dealt with first.  He argued against "demonizing" debt…