European Banks Will Now Be Allowed to Go Below Minimum Basel Cash Levels
Germany Sells Paper With a Negative Yield
Flash: European Sovereign Yields Edge Higher
Yield Yield Change Yield Change (%)
Austria 10-Year 3.45 0.01 0.41 Mon 03:05 AM
Austria 2-Year 1.70 0.00 0.24 Mon 03:05 AM
Belgium 10-Year 4.65 0.01 0.28 Mon 03:05 AM
Belgium 2-Year 2.68 0.03 1.25 Mon 03:05 AM
Czech 10-Year 5.94 0.01 0.14 Mon 03:05 AM
Czech 2-Year 4.84 -0.01 -0.10 Mon 03:05 AM
Finland 10-Year 2.33 0.01 0.48 Mon 03:05 AM
Finland 2-Year 0.36 -0.00 -0.56 Mon 03:05 AM
France 10-Year 3.36 -0.01 -0.15 Mon 03:05 AM
France 2-Year 1.03 0.01 0.99 Mon 03:05 AM
German 10-Year 1.87 0.01 0.76 Mon 03:05 AM
German 2-Year 0.17 0.01 3.61 Mon 03:05 AM
Greece 10-Year 35.32 0.39 1.12 Mon 03:05 AM
Greece 2-Year 136.22 0.71 0.53 Mon 03:05 AM
Hungary 10-Year 10.07 -0.01 -0.10 Mon 03:05 AM
Italian 10-Year 7.14 0.01 0.13 Mon 03:05 AM
Italian 2-Year 5.07 0.04 0.72 Mon 03:05 AM
Poland 10-Year 5.94 0.01 0.14 Mon 03:05 AM
Poland 2-Year 4.84 -0.01 -0.10 Mon 03:05 AM
Spain 10-Year 5.71 0.01 0.09 Mon 03:05 AM
Spain 2-Year 3.76 -0.00 -0.03 Mon 03:05 AM
UK 10-Year 2.02 -0.04 -1.71 Mon 03:05 AM
UK 2-Year 0.40 -0.01 -2.66 Mon 03:05 AM
US 10-Year 1.96 0.01 0.36 Mon 03:05 AM
US 2-Year 0.25 -0.00 -1.49 Mon 03:05 AM
China’s Lending Grew by 13.9% in December
“BEIJING (Reuters) – China’s banks ratcheted up lending in the last month of 2011 on the back of stronger money supply, reinforcing perceptions that the central bank is gently easing policy to cushion the impact of the global economic slowdown.
Chinese banks extended 640.5 billion yuan ($101.51 billion) in new loans in December, up from 562.2 billion yuan in November, data from the People’s Bank of China showed on Sunday.
Annual growth in China’s broad M2 money supply accelerated to 13.6 percent in December from November’s 12.7 percent.
“The policy easing signal is becoming clearer,” said Wang Hu, an economist at Guotai Junan Securities in Shanghai.
“We think the central bank will continue to loosen credit in the coming months.”
The surge in bank lending and money supply exceeded market expectations. Analysts had expected 600 billion yuan in new loans for December and annual M2 growth of 12.7 percent in December.”
China Pledges more entrepreneurial loans
Comments »
The Fed’s Bullard: Strong Data May Mean The Fed is Done Buying Bonds
Done buying bonds for now. It will be a wait and see approach as we are certainly not normal and back on our feet. Never the less good data will be cheered!
Comments »Documentary: Europe at the Brink
Banks Have No Love For You; Credit Card Rates Rise to a Four Year High
Will BofA Eat the UniCredit Stock Offering Next Week ?
BAC is lead underwriter for $9,7 billion worth of a share offering in UniCredit next week. If the deal goes south then BAC will have to cover the deal.
Comments »A List of the Most Accurate Market Forecasters
As Yields Rise The ECB Steps in Again to Buy Italian and Spanish Bonds
Another Rift Within the ECB Develops
The ECB has been viewed as a elite institution that would impose austerity and keep the euro together against the wishes of taxpayers who are ultimately on the hook for all the sovereign debt. The taxpayer would also like to have a more democratic process in key decision making.
Well now Orphanides, a central bank policy maker, is siding with taxpayers stating the ECB and Euro Zone leaders should abandon supporting countries like Greece.
Perhaps he will fall victim to the next big sex scandal….
Comments »FLASH: Global CDS Spreads Up Across the Board
U.S. Funds Suffer Second Worst Redemption Year on Record
Record Deposits Hit ECB Accounts Again
The Sterling Hits a 15 Month High Against the Euro
Hungary’s Bonds Rally Again After a Pledge to Work With the IMF
German Confidence Falls After Factory Orders Plunge
Bulls Manage a Magic Trick
Despite rising yields in Europe, some crappy bond auctions, the EURO tanking, and being at the top of a recent rally the bulls manage to turn a rut into a rally…just b4 BLS data tomorrow. Can we finally say that the U.S. is decoupling from the Euro crisis ?
DOW down 3
NASDAQ up 21
S&P up 3.7
