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Realistbear

Irish & Portuguese Bonds Fly To Record Since 1997

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http://uk.finance.yahoo.com/news/irish-portuguese-bond-rates-hit-record-since1997-afp-845f07cd0329.html?x=0

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Irish, Portuguese bond rates hit record since 1997
12:32, Tuesday 28 September 2010
Long-term yields on Irish and Portuguese sovereign bonds soared on Tuesday to the
highest levels since 1997
, sending fresh warning signals about overspending and public debt in the eurozone.
The yield on the Irish 10-year sovereign in late morning trading
jumped 2.9 percentage points
from the yield on Monday to 6.722 percent.
The rate on Portuguese 10-year paper had surged 2.6 percentage points to 6.543 percent.

Should set the dog among the crows if anything will. Might turn out to be an interesting week as it hasn't half been boring lately.

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http://uk.finance.yahoo.com/news/irish-portuguese-bond-rates-hit-record-since1997-afp-845f07cd0329.html?x=0

.

Irish, Portuguese bond rates hit record since 1997
12:32, Tuesday 28 September 2010
Long-term yields on Irish and Portuguese sovereign bonds soared on Tuesday to the
highest levels since 1997
, sending fresh warning signals about overspending and public debt in the eurozone.
The yield on the Irish 10-year sovereign in late morning trading
jumped 2.9 percentage points
from the yield on Monday to 6.722 percent.
The rate on Portuguese 10-year paper had surged 2.6 percentage points to 6.543 percent.

Should set the dog among the crows if anything will. Might turn out to be an interesting week as it hasn't half been boring lately.

They need a bigger austerity program.. perhaps if they sack every single public employee and hike taxes on the private sector then they will be able to keep the banking sector in the luxury to which it is accustomed. Otherwise, there could be trouble.

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They need a bigger austerity program.. perhaps if they sack every single public employee and hike taxes on the private sector then they will be able to keep the banking sector in the luxury to which it is accustomed. Otherwise, there could be trouble.

They could issue Eussr Cilices.

There's just no enough pain yet.

Got to keep feeding the banksters.

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Euro up vs. $ and £ on the news.

Headless chicken still going beserk.

Speculation that its the ECB buying up these bonds.

http://www.breakingnews.ie/business/bond-yields-rise-to-record-high-475468.html

Makes me laugh. So say, they are buying these bonds, and paying for it by issuing their own debt. I dont understand how that works out. When Ireland and the rest default, it is the ECB carrying the can, who then have to print new money to make up for their own commitments. At least that is what I think is happening.

What a mess.

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The yield on the Irish 10-year sovereign in late morning trading jumped 2.9 percentage points from the yield on Monday to 6.722 percent.

6.722 is an APR IIRC, which means over the 10 year life of the bonds, the interest will be 92%

I dont understand how that works out. When Ireland and the rest default, it is the ECB carrying the can, who then have to print new money to make up for their own commitments.

As I understand it, they are printing new money and using it to "buy" the bonds. Well not buy as such, but lending people money and accepting the bonds as security.

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Can't they contain this damn thing?

There's nothing that needs containing:

- capital is highly efficiently invested across all markets

- taxes are extremely low everywhere, encouraging business enterprise

- benefits and taxes are low

no moral hazard in the (unrigged) markets

- both private and corporate debts do not exist, everyone is in surplus

- all countries have creative and dynamic home run industries

- we have stable currencies and moderate interest everywhere

- gold is at an all time low, reflecting a highly stable outlook

- workers are productive, well paid, feel valued, and save lots of money

- the supremely slick nodding heads in the MSM say everything is ok

- the highly accurate and trusted inflation indicies are stable

- our highly respected politicians have a grip on all issues

- the central banks are transparent, hate debt, money printing, and act in the best

interests of the people, while their banking friends scrape by.

- the brilliant economic experts who control policy and in complete

agreement on all issues, have their finger on the pulse

- democracy is flourishing, politicians are honest brokers, and all

taxes paid are voted directly attributable to the needs of the

citizens.

Seriously, reading the above list just makes you realise how far we've

come.

I wish just one of them was true, and then the glass could be a teeny bit partially full.

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There's nothing that needs containing:

- capital is highly efficiently invested across all markets

- taxes are extremely low everywhere, encouraging business enterprise

- benefits and taxes are low

no moral hazard in the (unrigged) markets

- both private and corporate debts do not exist, everyone is in surplus

- all countries have creative and dynamic home run industries

- we have stable currencies and moderate interest everywhere

- gold is at an all time low, reflecting a highly stable outlook

- workers are productive, well paid, feel valued, and save lots of money

- the supremely slick nodding heads in the MSM say everything is ok

- the highly accurate and trusted inflation indicies are stable

- our highly respected politicians have a grip on all issues

- the central banks are transparent, hate debt, money printing, and act in the best

interests of the people, while their banking friends scrape by.

- the brilliant economic experts who control policy and in complete

agreement on all issues, have their finger on the pulse

- democracy is flourishing, politicians are honest brokers, and all

taxes paid are voted directly attributable to the needs of the

citizens.

Seriously, reading the above list just makes you realise how far we've

come.

I wish just one of them was true, and then the glass could be a teeny bit partially full.

This one is; the supremely slick nodding heads in the MSM say everything is ok :D

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This one is; the supremely slick nodding heads in the MSM say everything is ok :D

:P Damn. You got me. And I also forgot:

- the extremely well educated citizens value their democracy, and hold their politicians to account at all times.

Perhaps the Chinese will come in and buy these european bonds, in exchange for real physical infrastructure in these countries, in place of receiving bog paper money as the coupon.

Don't need wars these days.

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  • 146 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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