Bonds Analysis & Opinion

EFSF risks downgrade, Troika returns to Greece after PSI talks stall, US markets closed for Martin Luther King DayStandard and Poors finally delivered on their December threat to downgrade France to...

The downgrade of nine Eurozone members on Friday was headline news around the world. Some elements of the British press wrote with glee that France had been downgraded one notch to AA+ by Standard...

It won’t be a surprise for you if I told you that Standard & Poor has downgraded nine eurozone countries last Friday. The downgrades were not even a surprise for the markets since most of...

S&P downgraded nine euro area countries on Friday night after the US close. France and Austria were downgraded by one notch, while Italy and Spain were downgraded two notches. Germany, Finland and...

The world is a maze of debt.  Debts layered on debts.The Earth and its productivity is roughly the same or better than prior years.  What is the problem with the economy then?The problem is...

I see two scenarios playing out in bonds – and they both see bonds higher 3-6 months from now. Everyone wants to say that bonds are going to go down, and at some time they will, but I...

ECB Interest Rate DecisionSummary Outlook: On Thursday, January 12 at 0745ET/1245GMT the ECB is expected to hold rates steady at 1.00%, according to Bloomberg surveys. However, we think there is a...

Spain and Italy begin this year's funding operations with bond auctions today and Friday. Although the euro is bouncing along its recent trough against not only the dollar, but against many of the...

SummaryCDS indices are slightly up compared with year-end. Primary market activity was high during the first few days of the year. New issue premiums were elevated in the region of 10-30bp. We expect...

European sovereigns return to the capital markets more substantially next week as 2012 issuance gets under way. Between bills and bonds, around 35-40 bln euros will be sold. Maturing issues and coupon...