Oliver Sutton Posted June 17, 2010 Share Posted June 17, 2010 10 year up to 9.34%. Gloomberg Haven't seen anyone else mention this. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted June 17, 2010 Share Posted June 17, 2010 10 year up to 9.34%. Gloomberg Haven't seen anyone else mention this. Couple of days ago I posted an artcile that said there is an additional 5% load on top of the market rates for Grecian debt. The market is bracing for Spain to admit it is in the same place as Greece and will need a bail out. This will amount to a one-two punch that one more situation (Porugal?) will lead to a complete collapse. Confidence in all EZ bonds is eroding rapidly. PIMCO are saying German bonds might be okay but the rest??? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 17, 2010 Share Posted June 17, 2010 Wow this is so unexpected, I thought it had all been fixed. Does this mean it's still contained. Quote Link to comment Share on other sites More sharing options...
plummet expert Posted June 17, 2010 Share Posted June 17, 2010 Couple of days ago I posted an artcile that said there is an additional 5% load on top of the market rates for Grecian debt. The market is bracing for Spain to admit it is in the same place as Greece and will need a bail out. This will amount to a one-two punch that one more situation (Porugal?) will lead to a complete collapse. Confidence in all EZ bonds is eroding rapidly. PIMCO are saying German bonds might be okay but the rest??? What about Italy with 115% GDP to debt ratio? They are in the PIGS mess. The one hundred italian economists have come out with it saying the current situation with the EURO DOES NOT WORK. Any takers for Italian bonds this morning?........No?......going, going......bust. Quote Link to comment Share on other sites More sharing options...
Deckard Posted June 17, 2010 Share Posted June 17, 2010 What about Italy with 115% GDP to debt ratio? They are in the PIGS mess. The one hundred italian economists have come out with it saying the current situation with the EURO DOES NOT WORK. Any takers for Italian bonds this morning?........No?......going, going......bust. Yep, Italy have somehow escaped the "limelight" so far, but the cracks are beginning to show. 10yr BTPs now yielding over 50bp more than 10yr gilts. Wait until the SHTF in Spain... Quote Link to comment Share on other sites More sharing options...
Ponzi Posted June 17, 2010 Share Posted June 17, 2010 Si si, I wanna double dip Pistachio wit da extra sprinkles you mook. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 17, 2010 Share Posted June 17, 2010 10 year up to 9.34%. Gloomberg Haven't seen anyone else mention this. Value 9.34 Change -0.002 (-0.023%) Open 9.34 High 9.35 Low 9.34 Hardly moved today. Quote Link to comment Share on other sites More sharing options...
mightytharg Posted June 17, 2010 Share Posted June 17, 2010 (edited) 10 year up to 9.34%. Gloomberg Haven't seen anyone else mention this. Bonds (their prices) are going down if the yields are rising. Confusing title unless I've got it mixed up. Edited June 17, 2010 by mightytharg Quote Link to comment Share on other sites More sharing options...
Meerkat Posted June 17, 2010 Share Posted June 17, 2010 Wow this is so unexpected, I thought it had all been fixed. Does this mean it's still contained. Sure as hell it's all very contained by now ... With the long-end bonds trading at a touch above 50, yields are basically irrelevant. This is very close to the potential recovery value, i.e. downside is very limited should they default. Just a tip on where to look for an almost riskless asset with decent return Quote Link to comment Share on other sites More sharing options...
Oliver Sutton Posted June 25, 2010 Author Share Posted June 25, 2010 Sure as hell it's all very contained by now ... With the long-end bonds trading at a touch above 50, yields are basically irrelevant. This is very close to the potential recovery value, i.e. downside is very limited should they default. Just a tip on where to look for an almost riskless asset with decent return Still climbing. Up to 10.58% today. Don't really understand that post. Could someone explain? Thanks in advance. Quote Link to comment Share on other sites More sharing options...
LuckyOne Posted June 25, 2010 Share Posted June 25, 2010 Still climbing. Up to 10.58% today. Don't really understand that post. Could someone explain? Thanks in advance. If we knew for sure that Greece was going to default to-morrow and that the ECB would settle all Greek liabilties for EUR 0.50 per EUR of face amount with no accrued interest, all Greek liabilities would trade at half of their face amount regardless of their nominal maturity date. Because of yield curve arithmetic, this means that one month bill would yield 1,200%. A 10 year 6% bond would yield 16.56%. The settlement amount is called the recovery rate. When liabilties are deemed to be close to default, they all trade at their recovery rate irrespective of maturity which leads to a massively inverted yield curve due to yield arithmetic. Quote Link to comment Share on other sites More sharing options...
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