BONDS

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What Wall Street read: Spanish strike doesn’t help to get down bond yields

NEW YORK | US media coverage of Spanish general strike was scarce in the morning, and increased during the day, never making the biggest headline. The online edition of major generalist or business newspaper didn’t include it among their main subjects, or did only briefly. NYT kept it in a low position.  WSJ reported on it only on its World section, and the strike wasn’t even the leading headline there….


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How much cheaper would they want Europe to be to make a good deal?

NEW YORK | Yields on Greek bonds are the highest ever. Spanish and Italians are pretty good also. If they pay back, it could be a very sweet deal for every savvy investor. And private assets are on sale too. In 2010, Apollo Global Management bought a portfolio of distressed property loans owned by Credit Suisse for about $1.2 billion, a roughly 50 percent discount to the face value, according…


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British SMEs better give up on expectations over bank finance and turn to bonds

LONDON | The capital stress levels that British banks suffer are regarded to be so dire not even a majority stakeholder like the UK’s government feels confident their credit tap should open. A Taskforce set up by the department of Business Innovation and Skills published Friday a report that recommends small and medium-size companies or SMEs to hunt for alternatives. The paper anticipates growth in demand for finance as the economy recovers…


No Picture

US banks join foreign governments against Volcker rule

NEW YORK | It has been one of the main topics at Davos, according to The New York Times: A number of foreign officials complaining to Treasury Secretary Timothy Geithner about the Volcker rule. It hasn’t come from the usual suspects, American banks, but from other governments. European, Japanese and Canadian officials have objected to one aspect of this already polemic new regulation: the fact that it restricts US banks…