Sliding Greece
Posted on December 8th, 2009 by mark in Doom & Gloom
We’ve been watching Greece teeter on the brink for what now seems like an eternity. In another trend, we’ve been watching Fitch attempt to get tough with its ratings, in an effort to brand itself as the good rating agency.
Both trends continued today, as Fitch downgraded Greece’s debt rating to BBB+. The Hellenic Republic now [...]
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- Tags: Euro, Euro spread, Greece
Euro Junk?
Posted on January 22nd, 2009 by mark in Market Observations
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 reason [...]
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- Tags: bonds, Euro, Euro spread, Greece