The Greek 2 year note hit 46.84% this morning…..
Comments »Monthly Archives: September 2011
The Federal Finance Housing Agency Gets Ready to Sue Over a Dozen Banks
U.S. Futures Brace for a Dicey Non Farm Payroll Report
European Markets Join Asia in the Equity Meltdown
Trichet Calls on Italy to Comply With Austerity Plans
Trichet must need glasses as he only need to look at the U.K. for the results of austerity; but more importantly he should be more proactive over calming markets.
Comments »Global Debt Sales Slow as Dollar Denominated Bonds Show Investors Poor Performance
Oil Falls Overnight
China Sees The Worst Weekly Drop in Three Months
Chinese markets are falling on inflation issues. Equity markets are worried that policy makers will not ease up on hiking rates.
Comments »Gold Pushes Higher as Global Equity Weakness Persists
BofA Tanks Nearly 9% in Tokyo on Litigation Concerns
Australian Corporate CDS Spreads Blow Out
This blowout has been suffered mostly by banks and property insurers. Investors have managed to take advantage of the spreads booking nice gains.
Comments »Economists Want ECB to Reverse Recent Rate Hikes to Prevent Recession
The Swiss Franc Jumps 6.5% This Week; SNB to Consider Buying Euros
If the Franc reaches parity with the Euro the Swiss National Bank may be forced to intervene by purchasing Euros.
Comments »Roubini: No More Policy Rabbits Left (video)
Amazon Offers California 7,000 Jobs if it Drops Tax
Amazon.com Inc has proposed a hiring spree of 7,000 jobs in California if state leaders put a recently enacted online sales tax on hold for two years.
The offer comes as California contends with the second-highest unemployment rate among U.S. states and broad anxiety about the national economy.
The tax, which took effect on July 1, requires retailers outside of California to collect sales taxes on online orders made through California-based affiliates. If it is not enforced until 2014, the largest Internet retailer also would drop its effort to put a measure to California voters that would repeal it.
Comments »Italian and Spanish 10 yr Stable
Italy 5.15%
Spain 5.05%
