iBankCoin
Home / 2012 / September (page 29)

Monthly Archives: September 2012

The Most Important Thing to Come Out of Jackson Hole

So you thought Jackson Hole was just another gathering for the masters of the universe to have fun. While in part that may be true, there is a lot time for thesis and anti thesis to create synthesis. Here is one idea that has emerged and is being touted as the holy grail to save the economy.

Full article

Comments »

Spanish and Italian Bond Yields Fall on ECB Buying Plan

“Spanish and Italian notes rose after European Central Bank President Mario Draghi was said to tell officials he would be comfortable buying three-year securities to lower borrowing costs for nations in financial distress.

Yields on Spanish and Italian two-year debt fell to the least ever relative to 10-year bonds amid speculation the central bank’s action will provide only temporary respite, buying the nations time to plug their deficits. German 10-year bunds fell for a third day, pushing the yields up to the most in more than a week as demand for the safest assets waned. Austria sold bonds maturing in 2017 and 2019, while Greece’s securities advanced as it auctioned bills.

“We can expect the short end to perform pretty well, the comment that the ECB can go up to three years was positive news,” said Allan von Mehren, chief analyst at Danske Bank A/S (DANSKE) in Copenhagen. “There’s still a lot of uncertainty about the whole underlying structure of the project and that’s going to make it difficult for yields in the longer end to come down significantly.”

Full article

Comments »

Moody’s Downgrades EU Outlook to Negative

“(NEW YORK) – Moody’s on Monday lowered the European Union’s long-term issuer rating outlook from stable to negative, saying the move reflected credit risks of the bloc’s key budget contributors.”

Full article

Comments »

Moody’s Changes EU Ratings Outlook to Negative

(Reuters) – Moody’s Investors Service has changed to negative from stable its outlook on the Aaa long-term issuer rating of the European Union (EU).

Read the rest here.

Comments »

China HSBC PMI drops to 47.6, worst since March 2009

(Reuters) – A contraction in China’s factory sector activity intensified in August as both output and new orders dropped while manufacturers cut prices to compete for business, a survey showed on Monday.

Read the rest here.

Comments »