Wednesday, April 29, 2015

Economic News , Data and Views ( April 29 , 2015 ) .... Greece in focus as data continues to show economy on the back foot , Creditor talks items to consider , Varoufakis attacked at dinner allegedly by anarchists ..... Bonds in Europe in focus - Bunds showing some weakness with failed 5 year auction even as ten year bunds spike in yield , Denmark debt still reflecting negative yield mania ( June Bills sell at - .98 yield ) .... Riksbank expands Qe Program and notes repo rate may be cut further.....Euro crosses 1.10 on Eurozone data , Eurozone bank lending shows increase - first time since 3/12 ..... QE item of note..........


Tweets...

Varoufakis apparently attacked Tuesday in Greece...





Greek Finance Minister Attacked By Anarchists, Shielded By Wife









































government sees reform multi-bill as path to funding but resistance abounds.





Sharp deterioration


(cash) liquidity buffer almost unchanged at around €3bln.







  retweeted


Greek banks get more funds -- but signals future access to funds will be harder via






bank deposits in March 2015 down by €2.5bn to €145bn ~








Greek deposits in the banking system hit new 10 year low ... bullish!




***Greece expected to present draft reform legislation to international lenders on Wednesday - gvt officials - RTRS




Greek Banks Count on More Cash as Bailout Talks Drag On via





Europe’s deflation specter moving on as clouds recovery via





Νοte to Greek govt: Any interim agreement w the creditors, i.e. partial disbursement, would require Bundestag approval. Good luck with that





Possible refusal of the creditors to strike an interim agrmnt w the Greek govt could serve quite well in a blame game & referendum/elections









GERMANY FAILS TO GET BIDS TO MEET SALES GOAL AT DEBT AUCTION





GERMANY GETS BIDS FOR EU3.649B 5-YEAR NOTES VS EU4B SALES GOAL





German yields +6bps today... That was the yield on the 10-year just two weeks ago!





| *DENMARK SELLS JUNE BILLS AT -0.98% YIELD VS -0.85% APRIL 15







RIKSBANK EXPANDS QE PROGRAM, WILL BUY BONDS FOR SK40-50 BLN





RIKSBANK SAYS REPO RATE 'MAY BE CUT FURTHER'




jumps above $1.10 on whopping data. money supply rose further to 4.6% YoY in Mar, a 6yr high.




End of the credit crunch? bank lending increases for 1st time Since Mar2012.







's Draghi might need Janet Yellen to bail him out in bond mkt as EZ investors hoard debt.






Rising fear don't make it more likely: Investors underestimate political will to keep bloc intact. (via BBG)