Category Archives: Bond Markets

European Markets Surge

By: ISHAQ SIDDIQI European stock markets pushed sharply higher Monday, while sovereign debt markets slumped, as market participants reacted to news of a hefty €750 billion ($955 billion) rescue package to stabilize the euro and prevent the Greek debt crisis from affecting other member countries. The Stoxx Europe 600 index jumped 5.9% to 251.09. London’s [...]

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Five Greek Myths, 2010 Version

By David Wessel Economist Carmen Reinhart of the University of Maryland is enjoying more celebrity than usually accrues to scholarly geeks thanks to a well-timed book, “This Time Is Different: Eight Centuries of Financial Folly,” co-authored with Harvard’s Kenneth Rogoff. In an op ed essay in Sunday’s Washington Post, Carmen Reinhart and her husband, Vincent, [...]

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Crisis Deepens; Chaos Grips Greece

ATHENS—Greece’s fiscal crisis took a new turn to violence Wednesday when three people died in a firebomb attack amid a paralyzing national strike, while governments from Spain to the U.S. took steps to prevent the widening financial damage from hitting their own economies. U.S. Treasury officials have been quietly urging their European and International Monetary [...]

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Greece Agrees to New Austerity Moves

ATHENS—Greece has agreed with the International Monetary Fund and the European Union to take additional austerity measures expected to yield “around €23 billion” ($30 billion) as a precondition for financial assistance, a Greek official familiar with the talks on aid said. “We have basically agreed, and as it stands now announcements will come during the [...]

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Greek Bonds Still Under Pressure

By:  KATIE MARTIN LONDON—Greek bonds buckled Wednesday as investors flocked to safe havens amid mounting fears that other euro-zone countries could suffer a fate similar to Greece. Markets were already under pressure after Standard & Poor’s Corp. downgraded the debt of both Portugal and Greece. That double-whammy took Greece down to junk status and reinvigorates [...]

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Brasilian Exchange (Bovespa) Down 2,360 pts.

Brazil’s Stock market sold off today in reaction to the Greek credit crisis, plunging 2,360 points. The ratings agencies downgraded Greek’s debt to junk status and it’s stock market plummeted 6% today.  The selloff spread through the rest of Europe as investors worried whether Germany would come to Greece’s rescue. ~~John Cronin~~ Recommend on Facebook Share [...]

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EU Sees Wider Greek Deficit, Roiling Markets

Bonds Fall as Investors View Bailout and Default as Givens By CHARLES FORELLE BRUSSELS—New figures revealed that Greece’s debt crisis is even worse than investors believed, delivering a fresh shock to European markets and all but ensuring that the International Monetary Fund and euro-zone countries will have to step in within weeks to bail out [...]

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Greek bonds plunge on continued debt worries

Officials deny seeking IMF bypass; Germany at odds over borrowing costs: reports By: William Watts LONDON (MarketWatch) – Greek government bonds fell sharply Tuesday amid renewed worries over the details of a standby aid program approved last month by euro-zone leaders. The euro also came under heavy pressure, sinking 0.8% versus the dollar to $1.3379 and [...]

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