…Calmly observing the changing world

It’s both heartening and unsettling to see one of MarkOnMarket’s key issues come to its initial fruition.  Greek bonds – never the bedrock of stability – have finally been shown to be worth just about nothing.  Interest rates soared passed double digits after S&P belatedly rated the bonds as “junk” which caused a wave of [...]

In a wild and crazy financial story (no… really!), two Japanese citizens were caught by Italian border patrol agents while on a train at Chiasso headed to Switzerland with an unusual amount of foreign bonds. To be clear, by “foreign bonds” in this case I mean American. And by “an unusual amount”, I mean $134,500,000,000 [...]

Just a quick post detailing the relentlessly rising spread among Euro-denominated bonds. I believe this is an extremely important development and I hope to have a new sidebar with this information soon.  For a previous look at the situation, see Greek Ire. Remember, all of these European nations are selling bonds in Euros. The only [...]