ECB Peripheral Bond Purchases In Sleepy Christmas Week Double To E1.1 Billion

Tyler Durden's picture

That sneaky JC Trichet: while the rest of the banker world was preparing to hit the Telluride slopes to spend some of that hard earned taxpayer bailout cash, and otherwise leaving the fate of capital markets to Getco and two or three HFT traders, Trichet was once again busy bidding up every sovereign bond in the secondary market he could find. While in the week ended December 20, the ECB bought just E600 million, which in turn was the lowest since October and before Europe went bankrupt for the second time in a row, last week purchases jumped by nearly 100% to E1.1 billion, bringing the total to E73.5 billion. Which is surprising as there was very little on the surface to indicate that there was so much revulsion associated with sovereign exposures at least as determined by European stock bourses, meaning that equities and bonds even in Europe where there has been at least some tenuous linkage, have completely decoupled and joined their American cousins.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
doolittlegeorge's picture

emancipate yourself from mental slavery/none but ourselves can free our mind/have no fear of atomic energy/none of them can stop the time

TWORIVER's picture

The Devil cannot win because I am in no fight.

Joseph Hill, Culture

RobotTrader's picture

Meanwhile, Palladium is making new record highs for the move due to booming car sales.

And the gold bugs are scratching their heads watching GG, AU, etc. get destroyed today while the mo-mo gunners are chasing AIG.

What a casino.

Internet Tough Guy's picture

Meanwhile, robotroll is scratching his head at oil over 91. You must be puking up a lung. Only $9 more and robo is history.

Mr Lennon Hendrix's picture

Robo does walk a thin line.  Mainstream investors, mainstream conscious behavior, is about to get stood on its head.  The next moves for PMs and oil will not only shut them up, it will bankrupt them.  Oil at $100?  Get monie!

Spalding_Smailes's picture

I love AIG. AIG and BankofAmerica will make my year in 2011.

unununium's picture

+1 BAC is also going to make my year in 2011.  Wait, you are short, right?

trav7777's picture

Pd has been on a stampede.  I had a chance to grab some at $500 but I was too lazy lol.

unununium's picture

Like you, I have palladium.  Unlike you, I am trying to decide how much to sell.

TradingJoe's picture

Oh that sneaky frenchman FrenchyT! :-())))


plocequ1's picture

But, But, But... Ahh fuck it. Its all good.

snowball777's picture

Look at it this way, he's making sure that the failed auctions that will surely follow won't lead to complete bedlam as the PIIGlets will have something in the coffers for the short-term.

RobotTrader's picture

Oh, the horror of being positioned in the wrong sector....

Mr Lennon Hendrix's picture

Spot gold/silver/platinum making your written work not to mention your paper charts look stupid, and for aig, didnt we bail them out for tens of billions?   huh robo?  huh?

Internet Tough Guy's picture

How about an LA gas price chart? Oh the

knukles's picture

(ring ring.... sound of French telefeene)

Secretary; Allo, Messeieur Treeshay's of-eece.
Mai eye-ah heelp you?

Timmah;  Yes, good morning, er, afternoon.  Er, whatever number's Mickey's are poinitng to at your place. (snigger, snigger, snort).  Is mon Capitaine John-Claude there?  Gotta talk to hiome about this bond market stuff and the Japs buying ETF's and Reit's.  Gotta see if he knows what they are...the ETF's and REIT's, not the Japs.  (Giggle, giggle, snort, snort)  Sure betcha he's glad he's Belgian.  (loud snark)  Gotta meet with Ben and wanna get the scoop.  (tidge of paranioa creeping into voice) Has he talked with Ben, by the way?  And...

(Interrupted by secretary)

Secretary; Eye-yam sorrrieee, Monsieur Peteite Timmah, but Monsieur Trichet ess in Gstaad on holieday.  He ess enjoieeing hees annual return to hees favorite pastime as concierge at zeee Gstaad Holiday Enn.  Would you like zee numbeair....



gwar5's picture

Spain is going to be a messy dump, maybe Trichet saw a turtle head

Milestones's picture

Maybe he's skiing To Hell U Ride today; powder snow is good and there is lots of sunshine.   Milestones

SadSackHayek's picture

If the rest of the banking world tries to ski Telluride,

just send them down the toughest run there

called the "Plunge" and scrape up the remains.

Good riddance.

tp123's picture

MLB Jerseys are Usually Wear by Team Fans to watch MLB Games. Cheap MLB Jerseys and Youth MLB Jerseys are popular in All teams Fans. Those Baseball jerseys are all make with Hight Quality Sewn on Number and name,Personalized Custom Baseball Jerseys are accept too. The NHL is widely considered to be the premier professional ice hockey league in the world, and one of the major professional sports leagues of the United States and Canada. Feel like part of your favorite NHL team by wearing this Jersey - Authentic NHL Jerseys, made of thick, high-quality Pro-Brite fabric for a genuine gridiron look. Our NHL Jersey online shop at present are very hot welcomed by world shoppers, for the acceptable price, excellent quality, risk-free and fast supply methods. It's a very good selection for you, do not skip them. Our store sale many kinds of jerseys, nfl jerseys supply could make your demand with high quality and lowest price. supply authentic nfl jerseys, nhl jerseys, mlb jerseys and nba jerseys. Getting your product in here!
The modern Chicago Cubs and Atlanta Braves Jerseys franchises trace their histories back to the National Association of Professional Base Ball Players in the early 1870s. Many believe that the formation of the National League in 1876 is the beginning of Major League Baseball.Players like to wear Detroit Tigers jersey very much. Those who soccer teams who would like to chuckle you probably did producing a fundamental scholarship grant deal with more severe opposition.Duplicate jerseys provide exactly the same doing your hair because the genuine mlb jerseys and San Francisco Giants jerseys cheap, nonetheless include filter imprinted lettering made of your lighter in taste nylon uppers content, making all of them less expensive as well as even more at ease. Darren Rovell at CNBC brings us the list of the top selling (mlb jerseys)Major League Baseball jerseys from 2010, but before we get to that, we should talk about The Jersey Code.
Nowadays, many people especially the women and children like wear the nike shoes, Not only the nike company continuous detrusion popular designs and styles, its’ quality is very good invariably. Now, many stores online all supply various designs cheap nike shoes, if you are free you can go to this shops take a walk, you certainly find the design that you love in here, which economical and reflects your grade. Recently, more popular shoes, such as Nike Kobe Shoes?Nike Shox Shoes are in discount activity in these stores. If you heartbeats accelerating, why not go to to choose what you like now!