Tag Archives: CDS

European Core Crisis

By Andrew Busch | Published: August 2, 2011

European Debt Crisis Surges:

Today, Spain’s CDS is at 425, the 10yr yield is 6.25%, and spread to German 10yr is 384. Today, Italy’s CDS is 365, the 10yr yield is 6.10% and spread to German 10yr is 368. Two debt crisis indicators are flashing bright red. When a country has its CDS above 400 and its 10 yr debt yield above 7%, these are seen as possible points of no return for a country. The CDS is seen as a leading indicator as investors/speculators buy insurance to protect against declining financial conditions. The 10yr yield is seen as a … …READ MORE

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US Crisis Lesson For Europe

By Andrew Busch | Published: February 4, 2010

As expected, the Bank of England left rates unchanged at 0.5% and the European Central Bank left rates unchanged at 1.0%. The BOE also signaled that they would not be expanding their QE program, but left open the option to buy more down the road should conditions change. We’re awaiting ECB’s Trichet to comment on Greece and the rest of the PIIGS to see if more will be done to assist them. Two of Greece’s largest unions are setting strike dates for February 10th and February 24th to protest the austerity proposals proposed by the government.

Of course, Greece is … …READ MORE

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Markets Smell a Country Rat

By Andrew Busch | Published: November 23, 2009

Before everyone gets their underwear in a bundle, the Senate merely voted to start the debate and amendment process for the Reid Health Care bill. The 60 vote barrier was almost pre-ordained before it took place. The fun starts now with several Democratic senators warning they won’t vote again on the bill without significant changes. Make no mistake, this bill has traveled far and wide from it’s original intent of inclusion and improvement that was promised at the start of this process.

Remember, the reason why we started down this path was to bend the cost curve back downwards for … …READ MORE

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