Thursday, April 16, 2015

Economic News , Data and Views ( April 16 , 2015 ) - Greece Situation ( Greek Bonds spike in yields as Greece creditors Talks grow grimmer by the day , Greece Government contemplates extreme measures to stay solvent ) ..... Broader Europe in focus - effects of Greece and ECB's QE echoing in EZ Bondland !


Tweets......

Greece....


Barclays: Repayment timeline and other key events for Greece





Barclays: Official exposure to Greece in EMU by country and type







IMF: Output Gap in Selected Euro Area Economies (Greece, Ireland, Italy, Portugal, Spain)









we will always have the drums...







Greece: too much talk, not enough vision - Analsyis by via







  retweeted





Including today's non-competitive bids of €187.5 mln, rolled over €1 bln 3-mon T-Bills at 2.7% this week.





on :at this stage not satisfied with the level of progress made so far, work needs to intensified before next eurogp






REGLING SAYS INTERNATIONAL AID TALKS ON GREECE ARE `DIFFICULT' ...very bearish comment





yields 3y 27.96%; +335 bps 5y 18.92%; +176 bps 10y 12.80%; +70 bps 15y 12.59%; +18 bps




Kathimerini understands Greece may use law from 1951 to force all state bodies to transfer cash balances to the Bank of Greece





Schaeuble on Greece: No one has a clue how we can reach agreement











SAPIN: REASONABLE TO SAY NO ACCORD ON GREECE NEXT WEEK ...Sapin is French Finance Minister







made informal approach to the to delay repayments but was 'persuaded' not to file request ~:…




| Varoufakis to meet reportedly 2day w Lee Buchheit, an expert on debt restructuring. His view on Greek debt►










Schäuble says must ditch false hopes. S&P warns Greece could run out of money mid-May.

















Broader Europe....



's fastest growing asset class: Bonds with negative yields. Now 77% of German govt bonds yield neg. (via RBS)









Schauble: "I agree with on one thing: the current construction of the eurozone is unsustainable."







news. More from Q&A text. Mario Draghi did suggest that taper issues "discussed" at meeting, to be rejected












's 9yr yields turned negative. German yield curve now negative out to 9yrs. (via )






















Headfake or turnaround? 's stock index RTS$ has rallied by a whopping 68% since Dec, driven by oil & Ruble.







RBS cuts 10yr Bund yield target from 0.13 to -0.13% as QE is less than 10% complete & 8yr already trades at neg yield







German 10yr yields keep falling. Now 0.089%.







Has the created a bond bubble of epic dimensions? Even 2yr Portugese bonds yield negative.






Why 's Draghi may blink. 's 10yr yields heading below zero on ECB QE. (via BBG)








Dangers of "liquidity shock", quasi-bubble signs in US again, EM at big risk. My take on IMF Global Stability Report