Andrew Bosomworth

Andrew Bosomworth News

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  Spain’s Surging Bad Loans Cast New Doubts on Bank Cleanup

  Spain’s surging bad loans are spurring doubt on whether the government can persuade investors that it can clean up the country’s banks without further damaging public finances.

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  Portuguese Bailout Expectations Anchor Yield Curve: Euro Credit

  Portugal commemorates the one-year anniversary of its bailout with two-year yields back below 10- year levels as government officials and investors say the nation will procure sufficient backing to avert a debt restructuring.

• Bunds Gain as Euro-Area Industry Contracts; Spanish Bonds Slide

  German bunds rose the most in a month after industry data showed euro-region manufacturing and services shrank more than economists forecast, spurring demand for safer assets.

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  Soaring Target2 Imbalances Stoke German Risk Angst: Euro Credit

  German angst is growing as an entry on the Bundesbank’s balance sheet swells to a sum worth about 20 percent of economic output, a sign of the extent to which Europe’s largest economy is funding the region’s laggards.

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  Greece Default Risk Is `Substantial,' Pimco's Bosomworth Says

  Greece still faces a “substantial” default risk as insolvency prevents the nation from repaying its debt when its bailout program expires in three years, Pacific Investment Management Co. fund manager Andrew Bosomworth said.

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  Loomis’s Gaffney Adds Italian Bonds as BlackRock’s Rieder Remains Cautious

  Kathleen Gaffney, whose $20.7 billion Loomis Sayles Bond Fund has beaten 97 percent of peers this year, said Italian bonds present buying opportunities after this month’s selloff.

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  Germany Ignores Soros as Exports Boom at Consumers' Expense

  Germany may have become too competitive for its own good.

• Pimco Says ECB, Central Banks Have EU130 Billion of Greek Risk

  The European Central Bank and the 17 central banks of nations sharing the euro have about 130 billion euros ($183 billion) of risk from Greek debt in the event of a restructuring or default, Pacific Investment Management Co.’s fund manager Andrew Bosomworth estimated.

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  Greek Deals Hidden From EU Probed as Bonds Show Doubt

  Four months after the 110 billion- euro ($140 billion) bailout for Greece, the nation still hasn’t disclosed the full details of secret financial transactions it used to conceal debt.

• Greece Euro Exit Would Be ‘Chaos,’ Pimco’s Bosomworth Tells Welt

  Andrew Bosomworth, head of portfolio management at Pacific Investment Management Co., said an exit by Greece from the euro area would lead to a “disorderly capital cut” and “throw markets into chaos,” Die Welt reported in a preview of an article that will run tomorrow, citing Bosomworth.

Andrew Bosomworth Photos

Quote

• "One of our concerns in Spain is to what extent contingent liabilities could pass to the central government."

  - Andrew Bosomworth on Apr 17, 2012

Related Topics

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  Greece

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  Spain

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  Germany

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  London

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