Gary Jenkins News
-
Credit rating companies are distorting capital markets by assigning the same debt ranking to countries from Italy to Thailand and Kazakhstan, according to BlackRock Inc., the world’s biggest money manager.
-
The European Financial Stability Facility said it delayed a sale of three-year euro benchmark bonds after France was downgraded by Moody’s Investors Service.
-
Corporate bond investors didn’t ask the Bank of England to buy a single bond under its debt purchase program for the first time since March, signaling sentiment has improved, according to Evolution Securities Ltd.’s Gary Jenkins .
-
Ireland, Italy and Portugal government notes flip-flopped between gains and losses as Germany’s plan to curb market speculation spurred traders to reduce bets the bonds would fall.
-
Taxpayers in the euro region may face losses of as much as 40 billion euros ($55 billion) should banks be forced to take writedowns on Greek bonds.
-
Greece’s request for a $60 billion bailout doesn’t reduce the risk of default next year and a debt restructuring will be a “necessity” without even more aid, according to Evolution Securities Ltd.
-
Irish Finance Minister Brian Lenihan may have to change his view that it’s “unthinkable” Anglo Irish Banking Corp. will default on its senior debt, according to Evolution Securities Ltd.
-
Spanish Prime Minister Mariano Rajoy has spent much of the political capital he won seven months ago in the biggest landslide in 30 years, floundering against a crisis that risks making Spain the first $1 trillion economy to need a sovereign bailout, investors and analysts say.
-
Prime Minister Mariano Rajoy will begin mapping out Spain’s economic path through the next 18 months today in the face of mounting pressure from protesters and investors, who pushed bond yields above 7 percent.
-
The longer Greece avoids default, the closer European leaders come to breaking one of their oldest taboos by taking responsibility for the finances of a neighbor.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page