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Wednesday, 18 October 2017

Michael Cartine' s stories

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  • Tanker trucks form a queue

    Emerging markets oil exporters leave US$70bn liquidity hole

    Capital City | 03 November 2014

    Emerging market energy producers could put pressure on a range of capital market instruments including Treasuries this year by draining capital from global markets for the first time in almost two decades, according to BNP Paribas strategists.

  • greece market bonds

    Front-end Greece slides further

    Capital City | 16 October 2014

    Greek bonds have been sliding further as dealers relay “one-way markets” which feature “no bid side” and that are “completely offered only”.

  • SYRIZA

    Greek bonds weak as SYRIZA gains ground in polls

    Capital City | 14 October 2014

    Continued gains for opposition Greek party SYRIZA, the Coalition of the Radical Left, have been spooking investors in the Greek market and has pushed 10-year spreads to Bunds out another 30+ bp on Tradeweb.

  • greece third bailout

    Greek bonds hammered again

    Capital City | 30 September 2014

    Greek bonds are getting slammed again on Tuesday, with 10-year spreads out another 25bp to Bunds on Tradeweb, to +575bp mid-morning in London.

  • Bank of England governor Mark Carney leads the bank's quarterly inflation report news conference at the Bank of England in London.

    BoE vote 8-1 on forward guidance, marginally hawkish

    Capital City | 14 August 2013

    The minutes from the Bank of England’s Monetary Policy Committee meeting from July 31/August 1 have come in marginally on the hawkish side with respect to the vote on forward guidance.

  • Berlusconi

    Risk on rally pushes peripherals, relief after Berlusconi verdict

    Capital City | 02 August 2013

    After the conviction of former Prime Minister Berlusconi’s conviction for tax fraud late on Thursday, markets do seem to have found a bit of relief.

  • draghi ecb

    Draghi concludes, markets slide after he misses answering rates question

    Capital City | 01 August 2013

    On the question whether European governments have used the time well which the ECB’s OTM programme has bought, Draghi said “some of them certainly did”. He cautioned that others have not made as much progress, and that progress regarding structural reforms has been much slower going. Overall, however, he said he has been satisfied with the progress already made.

  • Yannis Stournaras

    Greece, Portugal suffer most in eurozone from FOMC fallout

    Capital City | 21 June 2013

    Higher beta peripheral markets are suffering the worst of the post-FOMC fallout, as to be expected. Irish bonds however remain the exception where they are wider, but are also still faring significantly better than the other programme countries.

  • Democratic party (PD) leader Pierluigi Bersani leaves a polling

    BTPs spike further on early exit polls from Italy election

    Capital City | 25 February 2013

    The first exit polls are out with Reuters reporting a Sky poll suggesting Democratic Party leader Pier Luigi Bersani taking 34.5% of the lower house and 37% of the Senate. An RAI poll even gives a slight edge to Bersani and there is already talk about Bersani potentially being able to form a government without assistance from current Prime Minister Mario Monti.

  • Italian Prime Minister Mario Monti

    IFR Comment: BTPs hit on Monti exit news, for now; GGBs solid

    Capital City | 10 December 2012

    BTPs are getting crushed, as to be expected with Prime Minister Monti announcing over the weekend he will resign after next year’s budget gets passed. A broad swath of selling has come in with domestic accounts leaning on the market again and leveraged accounts also selling.