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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
http://www.businessweek.com/news/2012-03-12/greek-psi-bonds-due-2023-yield-declines
where do you get the data? my info is the new bonds trading starts at march 15
Trading in new Greek PSI bonds has started; offer rates are:
-- 2.00% Feb 2023 GGB at 18.155 -- 2.00% Feb 2033 GGB at 14.564
-- 2.00% Feb 2024 GGB at 17.321 -- 2.00% Feb 2034 GGB at 14.347
-- 2.00% Feb 2025 GGB at 16.817 -- 2.00% Feb 2035 GGB at 14.156
-- 2.00% Feb 2026 GGB at 16.264 -- 2.00% Feb 2036 GGB at 14.089
-- 2.00% Feb 2027 GGB at 16.249 -- 2.00% Feb 2037 GGB at 13.784
-- 2.00% Feb 2028 GGB at 17.716 -- 2.00% Feb 2038 GGB at 13.649
-- 2.00% Feb 2029 GGB at 15.562 -- 2.00% Feb 2039 GGB at 13.568
-- 2.00% Feb 2030 GGB at 15.197 -- 2.00% Feb 2040 GGB at 13.467
-- 2.00% Feb 2031 GGB at 15.090 -- 2.00% Feb 2041 GGB at 13.468
-- 2.00% Feb 2032 GGB at 14.810 -- 2.00% Feb 2042 GGB at 13.352
could that mean the worst is yet to come?
I think so. It can happen Germany leaves the Euro if it becomes evident - at last even to Merkel and Schauble - that bailout packages to Greece Portugal and so on will not work.
Hard to imagine what will happen to EURUSD ....0.01 ?
If one has access to data : monitor the price / yield of the "new Greece bonds" . You can bet the swap deal has failed if their yields go up and up and prcies down and down.... then it turns out, together with the new bailout ow due before March 20th, haircut was greater 100%.
as long as it trades below 3290.... would see continued downward pressure to challenge 2974 support...
above 3290 targets 3400 main resistance....
8 hour showing initial sign of bottom for now and may see bounce to 3170/75 at least... clear break above 3175 may see further rally to 3230/40 but as long as below 3290... we may see continued move south toward 2974 support....
gl/gt
JZ.....nice..