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Belgium €2.7 Bn Bond Auction Results: Bid To Cover Drops, Yields Jump
Belgian bund spreads this morning are modestly tighter, at 81 bps, down 6 bps on the day, after Belgium completed a "successful" bond auction, which was no doubt intermediated by the ECB, as has been the case in all the problematic European bond issues over the past six months. As to how successful it was, the broad drop in the Bid To Cover, coupled with the surge in interest rates, especially in the 3 year, leaves quite a few open questions. Below are the results.
- €0.752bln, 4.25% 28-Sep-13, bid/cover 3.09 vs. Prev. 3.39 (yield 1.599% vs. Prev. 0.933%)
- €0.805bln, 2.75% 28-Mar-16, bid/cover 2.80 vs. Prev. 2.69 (yield 2.503% vs. Prev. 2.322%)
- €1.190bln, 3.75% 28-Sep-20, bid/cover 2.39 vs. Prev. 2.55 (yield 3.26% vs. Prev. 3.137%)
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Here in Luxembourg Belgians are seen as lowlife money-grabbing scum. Just saying
Here in Flanders we see Belgians in pretty much the same way.
Belgium: highest density of pedophilia and a dirty, ugly city with lackluster food and not so friendly people. Out of all the places personally travelled in the world, Belgium easily ranks among the worst on many levels.
HERE IN BELGIUM, THESE DIRTBAGS GET CAUGHT!!!
YOU LET THEM WALK AWAY WITH IT!!!
Fantastic beer though.
www.trappistwestmalle.be/en/page/biersoorten.aspx
and chocolate.
Wow, then how do you view those Chinese?
Chinese people of the "me so horny; me love you long time; 10 dolla European boy" are ok with me. Those of the "you no touch that; you break you buy; welcome to the Chung Lee Lorex and Katep Phallippe emporium" kind are to be avoided
Me give you Sucky Sucky. 10 Dollar Buku
The waffles are good, no?
Here in Belgium, we want to get rid of the unemployed Luxembourg lowlife's that only collect welfare cheques and fuck their own daughters.
WE PAY YOUR RENT! WE PAY YOUR FOOD!
I SPIT ON YOUR KIND!!
THIS IS WHY WE HAVE A GOVERNMENT CRISIS!!! BECAUSE WE WANT YOU OUT!!!
GO AWAY!!!
TRY TO MAKE IT ON YOUR OWN YOU UNEMPLOYED INCESTIOUS MORON!!
AFTER THE SPLIT, YOU MIGHT BE THE FIRST ONE IN YOUR FAMILY THAT WILL HAVE TO WORK FOR YOUR MONEY!!! THE FIRST ONE IN OVER 20 GENERATIONS!!
You are Belgian, my friend? Thought you were English...
Yep, Belgian. From East Flanders, Ghent.
The part of Belgium where the people have the highes education level in Europe, where they work the hardest and most productive in Europe.
The part that want's to get rid of the Wallon part :)
We pay over 53% taxes in order to support that part. They have a unemployment rate of 74% and it's been like that for over 80 years now.
Whenever we will be able to get rid of them, our taxes will drop between 20 to 32%.
For them it's a bit of a nightmare, because they really don't have a source of income and don't have a industry or any kind.
They tried to get annexed by France, but France doesn't want them. And now we want to get rid of them because they are turning this country into troubles.
And in the comming 2 weeks our country could be split up. That's why the bond auctions turn out so bad. It kind of scares foreign investors.
And as the capital of Europe (Brussels) , that isn't a good example.
"fuck their own daughters"; "incestuous moron"; "i spit on your kind"
Sudden, please lie down on the virtual Zero Hedge couch. I am here to help. Sessions are 100 bucks per hour.
Please start by telling me about your mother.
And let's face it. Belgium isn't really a country. It's more of a French colony.
That's not fair on the Dutch speaking Belgians, who are nice peole and live in nice places.
The least said about the French speakers the better.
Like Luxembourg is more of a Belgian colony and Washington more of a Wall Street colony.
Luxembourg is a German and Italian colony now. I regularly see Italians carrying LV bags full of fiat asking me for directions to Clearstream and UBS on one of the main avenues.
Luxembourg is a cesspool of criminal lowlife's.
Why do you attack Belgium?
WE FEED YOU!!!
WE GIVE YOU MONEY!!!
WITHOUT US YOU WOULD BE LIVING LIKE PIGS!!!
Your caps lock key appears to be broken. Or maybe it is just sticky from last night's internet monkey porn binge.
Luxembourg , the country?
You seem to be mixing up French speaking Belgium and the country of Luxembourg..
Elevated traffic from the PIIGS to the financial sanctuary?
WE
WANT
YOUR FRENCH SPEAKING
ASSES
OUT!!!
FRANCE DON'T WANT YOU LOWLIFE'S!!!!
NOBODY WANT'S YOU!!!!
Let me guess, you are from lower Belgium, aka Luxembourg city banlieue.
Dickus, you really are a peanutbrain no?
Are you Belgian? Don't feel ashamed, you can drown your sorrows in all that wonderful beer.
60 Minutes special. It is great to know Wall Street was protected from this. Meanwhile this confirms what I said 3 months ago about the coming 401k Hardship withdrawals.
http://www.cbsnews.com/video/watch/?id=6987699n&tag=contentMain;contentAux
hey you guys it was a bunch of belgian huguenots who really founded new york, so shaddup
ECB unwrite that wif one swoop...swapped from USD from FED line of course...
I was "hoping" that interest rates would finally jump higher. That would perhaps create some sense of urgency in our politician minds to start forming a government. We live basically without one since June 2007 (which is also testimony to the relevancy of a federal government of course)
Yep, 5de regering in 3 jaar tijd...
En volgens Leterme is er niets aan de hand, ik zou hem graag eens dit zien uitleggen.
en den Bart geef ik niet teveel kans om BHV erdoor te krijgen deze week. Ik ben eens benieuwd wat de nieuwe verkiezingen gaan geven rond nieuwjaar. Hier bij ons slaat iedereen om naar NVA.
But they rescued the main banks in between and appointed "plumber" Jean-Luc The Dick as their well paid saver? By the way, beer giant AB InBev pays him even more as independent administrator for the use of his favourite statement: "no comment".
ZH race relations commentary aside and back to the post: wow. some interesting shit coming out of europe right about now.
It's not about race. We all have the same ancestors.
It's about mentality and ancient French supremacy from the Napoleon era that we want to get rid of.
And that part of Belgium still thinks it's the 1700's.
Belgium, French food, German portions. Excellent beer.
Flanders and Netherlands should merge. Would be a G20 country I reckon.
AHAHAHAAHAHAHAHAAHAHAAHHAHAAHAHHAHAHAHAHHAHAHAHAHAHAHAHAAHAHAHHAH
AHAHAHAAHAHAHAHAAHAHAAHHAHAAHAHHAHAHAHAHHAHAHAHAHAHAHAHAAHAHAHHAH
AHAHAHAAHAHAHAHAAHAHAAHHAHAAHAHHAHAHAHAHHAHAHAHAHAHAHAHAAHAHAHHAH
AHAHAHAAHAHAHAHAAHAHAAHHAHAAHAHHAHAHAHAHHAHAHAHAHAHAHAHAAHAHAHHAH
LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOLLLLLLLLLLLLLLLLLL
Get real
Laat die Hollanders maar waar ze nu zitten. Dat boertig volkje moeten we hier ook niet.
Wow there sure are many Belgian people here on ZeroHedge. There are so many of you you could practically start your own French colony. Oh wait...
Yes, we use quality information sources to keep us up to date on American looting practices, sort of "inside job" service we use to protect ourselves.
So a Frechman, a Belgian and another Frenchman walk into a bar...
the poor Belgian will have to pay for all the drinks..
Although the French will probably nurse one glass of beer for the entire night!
+10 ;)
Belgium is a wonderful country, and bi-lingual Brussels (French and Dutch speaking) is one of the best capitals in Europe in which to live.
The country is not breaking up. It is like Canada, separation is always talked about and has been for decades, but never done. Now is just an intense phase of the chatter, like in Canada in the 1990s. Belgium will once more soon be re-organised a little, as does happen every now and then.
Concretely, EU won't let a break-up take place here, too symbolic for the EU itself.
But for all you Belgium-bashers to have a chuckle, here is that Monty Python routine, 'Prejudice', in which they try to come up with a derogatory name for the Belgians:
http://www.youtube.com/watch?v=6e-3dfQK7w4
Instead of fighting each other while living so tighly packed together as we do in Europe we'd better figure out how to create some sort of local unity in which we try to assist each other in surviving the disaster racing in our direction. And then forget about the EU-idea, these f*&kers are only into power and money for themselves, only on a slightly bigger-than-national scale..
Somehow there is many people in Europe still living in a dream-state in which they 'have a right' to a decent life with an income sufficient to pay the rent, heat, water, food and so forth. Meanwhile offering nothing in return for it. The government will take care of us.... Sure... But, this is not the way it works anymore.. Especially since the banks fooled the at-least-as-stoopid politicians into believing that the banks needed and deserved a similar support from 'the state' when they were in trouble (after they lied and cheated everything into 'private enteprises' to be able to drain the last drop of income, pensions and savings from the people they 'serve' with their 'products'). Next up to do the same: politicians, to pay back the banks....
Problem is, stoopid politicians fell for it and thus wasted the solvency of many (if not all) governments and thus the 'free-for-all' times are now over. But this is not talked about.. no.. The politicians and bankers know that as soon as the people realize this is for real, no way around it, dead-end, game over, the political parties will all be judged-tried and punished for it by the people during any next election, to say the least. If the politicians and banksters are that lucky... (If it were up to me I'd suggest making fertilizer out of all of them, put them to actual use for once, but hey... )
It makes no difference anymore. It's a done deal. Punishing the arconist doesn't bring back the house burned down already.. The only thing that matters is how to proceed from here. And how to prevent the same mistakes from happening again. You all seem to be willing to learn how to do that.. maybe teach others what you learned instead of yelling at you neighbour for whatever stupid reason. Try talking with eachother and help yourself and them understand the situation we're all in, together.. Forget about the politicians, they are done. Help yourself and your neighbour if you can. This is the only way to get trough what's coming...
Good luck all..