Steven Major

Steven Major News

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  German Curve Reveals Woes Masked by Spanish Rally: Euro Credit

  The widening yield gap between 10- and 30-year German government securities suggests recent gains in Spanish and Italian bonds may prove unsustainable.

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  ECB Buying May Push Spanish Yields to 2%, HSBC’s Major Says

  The European Central Bank may push the Spanish two-year note yield to as low as 2 percent through its bond-purchase program, said Steven Major, head of fixed- income research at HSBC Holdings Plc in London.

• Italian, Spanish Note Demand Is Increasing, HSBC’s Major Says

  Demand for short-maturity Italian and Spanish debt is rising as investor’s risk aversion wanes, according to Steven Major, global head of fixed-income research at HSBC Holdings Plc.

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  Monti’s Market Votes Worthless as Berlusconi Gains: Euro Credit

  Bondholders would deliver a landslide victory for Mario Monti at this weekend’s election, based on the drop in yields during his premiership. Unfortunately for them, Italy’s voters are less keen.

• Eurobills Could Alleviate EU’s Crisis, HSBC’s Major Writes in FT

  Peripheral euro-area countries desperately need lower funding costs, and one of the most effective ways of bringing them about is to mutualize eurozone debt though common issuance, said Steven Major, the global head of fixed-income research at HSBC Holdings Plc.

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  Hollande Seen Bowing to Crisis in Socialists’ Balancing Act

  Francois Hollande helped President Francois Mitterrand nationalize companies in the 1980s. A decade later, he helped Prime Minister Lionel Jospin sell them.

• German, French Curves to Flatten on Crisis Response, HSBC Says

  German and French bond yield curves will flatten as a result of the introduction of measures to tackle the euro-area debt crisis, according to Steven Major, global head of fixed-income research at HSBC Holdings Plc.

• Bunds Post Best Returns in Three Years as Italy Debt Drops Most Since ’92

  Greek and Italian government bonds had their worst years on record as Europe’s financial woes intensified, driving investors to sell securities of Europe’s most indebted nations.

• Greek Government Bonds Lead Losses Among Indebted Nations After Rating Cut

  Greek bonds slumped, leading declines among the securities of Europe’s most indebted nations, as credit downgrades for Greece and Portugal yesterday dented investors’ confidence in their ability to pay their debt.

• Euro-Area Bond Stokes Tempers as Flashpoint for Debt Markets: Euro Credit

  A proposal to sell joint euro-region debt has emerged as a new flashpoint among European leaders running out of options to stabilize bond markets.

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  Germany

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  London

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  Mario Draghi

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  Spain

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