Institutional investors may be getting their hands in higher-yield sovereign bonds to increase their results, but there are some financial reports of improving macroeconomics for the euro zone.
A less leveraged banking sector has helped Canada to find its way towards economic recovery. But the more aggressive monetary policies of its central bank also explain the success in dealing with the current crisis.
MADRID | An interview by Tania Suárez | The Greek labyrinth does have an exit, but creditors must acknowledge there are losses to bear. After all, says Hanseatic Brokerhouse’s director Gabriel Montalto, a so-called Grexit would force Germany to assume up to 80 percent of losses.
The Eurogroup recalls that a full staff-level agreement has been reached between Greece and the Troika on updated conditionality programme and that, according to the Troika, Greece has implemented all agreed prior actions.
The leading three rating agencies seem to be very myopic with regards to the United Kingdom and the United States. Would they saw through the branch on which they were sitting?, asks George Dorgan, investment portfolio manager.
Spanish president Mariano Rajoy’s reluctance is more than understandable because there is no assurances about the reach of the OMT operations, nor their effects. Moreover, Brussels has recanted more than once, already.
Corporate bond markets are still buoyant, according to CaixaBank analysts. Many firms, taking advantage of this renewed appetite for risk, have intensified the rate they issue debt.
Rating agencies keep Spain’s credit rating at investment grade. The stability of the United States’ debt market, threatened by the fiscal cliff.
Halting evictions for two years is playing well in the mortgage-backed bond market, said analysts at Link in Madrid. “During the last week, the price of these securities has seen very little volatility, even considering the spike suffered by the curve of yields on Spanish sovereign bonds.”
By CaixaBank research department | The adjustment taking place in real estate supply and demand is not trivial, particularly in such a heterogeneous and fragmented market as housing that is also subject to significant regulatory changes. However, a detailed analysis reveals that the sector’s adjustment is now closer to the end.