Belgium joins the spread-betting party
The lashing of non-Germanic eurozone sovereign bonds continues - but at a slower rate in Belgium’s case.Just shy of its euro-era high of 273bp over comparable 10-year Bunds on Thursday,...
Pan-labyrinth
Market schizophrenia alert. The Monti put that might have triggered the Italian bond rally today seems to have inspired a rally in global stocks. Who knows how long this will last....
And the next dominoes to fall are..
The pain in Spain…Chew over this morsel of bad news, from ING: (Emphasis ours)The economic recovery in Spain has ground to a complete halt. According to first estimates by INE,...
Bursting the MENA credit bubble
And now for something completely different..Middle Eastern credit spreads could soon blow up amid an outbreak of political strife with potentially global consequences.Another...
French exposure in pictures
Au bout du fossé, la culbute.Brace yourself. Here are some reasons why markets are giving France, in particular, a kicking today, according to the Banca D’Italia’s...
Goodbye risk-free, hello French spreads at 21-year high
Another nail in the coffin for old Europe’s risk free status.The French 10 year note is now seen as a spread product over comparable Bunds — 153bp at pixel time....
Pink picks
Comment, analysis and more from Thursday’s FT,John Gapper: Olympus’ deceit was dishonourableIt is still possible to believe that the accused trio of directors,...
What’s missing from China-Eurozone debate, RMB edition
It refuses to die. Buckets of ink are still being spilt on the will-China-save-Europe-narrative, looking at the political quid pro quos on offer, the incentive structure behind...
Decline and fall of the Berlusconi Empire
And now for some light relief as the Italian bond market goes under…As the self-declared Napoleonite met his Waterloo yesterday, FT Alphaville is wondering how Silvio will...
Euro whiplash
The Bunga Bunga euro bounce is over. The only way is down, it seems:Source: Thomson Reuters EikonThe currency’s litany of woes include its strong correlation with weakening euro stocks,...
The eurozone crisis as balance of payment problem
Or, is Germany right to worry about inflation?A theory to chew over…An excess of savings over investment helps to create a credit boom in a current account deficit country...
Long EM, short G10: FX hedge edition
Tin hats at the ready. If the eurozone trouble deepens, emerging market equities could once again overshoot fair value in a wave of deleveraging.So it’s time to put a value...
