Who is RBS? Royal BS... or the Royal Bank of Scotland

Posted by : Reggie Middleton

Post date: 05/20/2013 - 12:00

If Cyrpus blew up with bank assets/GDP leverage of 700% & Iceland blew up with leverage of 880%, what should we expect from Scotland @ 1,250%? Of course, this leverage number likely excludes...

Bernanke's Testimony to Congress and FOMC Minutes Preview

Posted by: Pivotfarm

Post date: 05/20/2013 - 11:47

Fed chairman Ben Bernanke’s testimony to Congress will be important in setting the tone for the markets (particularly the dollar, equities and US treasuries), as traders hunt for clues on when the...

The Poisonous Printing Press

Posted by: Tim Knight from...

Post date: 05/20/2013 - 09:19

It’s painfully clear for all to see that the majestic United States is now firmly caught in the rapacious stranglehold of financial elites which have completely captured it in a grotesque gamed...

Swiss Rates Swing Back To Negative As European Credit Ignores Equity Bounce

Submitted by Tyler Durden on 01/22/2013 12:55 -0400

Better than expected German confidence and another Spanish auction 'success' was not enough to encourage anyone in the real world to step into European risk assets en masse. It seems good is no longer good; sovereign spreads leaked wider to unchanged on the week, corporate and financial credit spreads are far from the exuberance we see in European stocks; and Swiss 2Y rates pushed back into the negative (after a few days respite in the green) as last night's Open-Yended decision by the BoJ saw little risk-on follow-through. Europe's VIX has pushed higher from the middle of yesterday. Of note, perhaps is the opening gap down (catch down to credit) in stocks today that was bid - but credit did not follow. EURUSD is going out slightly lower at 1.33.

European credit is not as excited at all as European stocks...

and even though the media proclaims another Spanish auction a success - the late day action was notably weak as Spain widened 15bps off its tights...

but Italian and Spanish stocks recovered from some early weakness...

and Swiss 2Y rates shifted back negative once again...

Charts: Bloomberg

Average:

Your rating: None Average: 5 (1 vote)

- advertisements -

Similar Articles You Might Enjoy:

Tue, 01/22/2013 - 12:58 | 3175773 ParkAveFlasher

Nice little noon-time boner on gold. I was thinking that PMs would take a hit after the weekend.

Tue, 01/22/2013 - 13:03 | 3175783 I need more cowbell

A 5 buck boner? Dude, you need to get out more often.

Tue, 01/22/2013 - 13:15 | 3175841 ParkAveFlasher

Hey, when the mojo is under a suppression scheme, and when Jeffrey Christian is the local pimp, every little inch of wood set free by the morning light is a cause to pause, you dig?

Tue, 01/22/2013 - 13:00 | 3175776 Super Broccoli

why would you want swiss bonds ? if europe crashes that tiny mountain-island won't survive ! what do they have ? a collapsing banking system and a bunch of milking cows ? where is the REAL ECONOMY ?

Tue, 01/22/2013 - 13:04 | 3175787 CH1

where is the REAL ECONOMY ?

You really should go see a place before you make pronouncements about it.

Wed, 01/23/2013 - 03:58 | 3178236 Ar-Pharazôn

you're a clueless idiot.

1. "where is the REAL ECONOMY"

cows. when SHTF i will drink my natural milk while you will be struggling for a glas of water.

2. "a collapsing banking system and a bunch of milking cows"

have you ever been 1 time in your life for 1 day in Switzerland? i m pretty sure no. come and see the infrastructure we built in this "tiny mountain-island" before making stupid assertions.

Tue, 01/22/2013 - 13:02 | 3175780 PUD