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スペインの10年の国債の金利は、6'5%と借金返済不能域(破綻に)入る、欧州中央銀行の救済が必要?
Prima de riesgo
スペインの国家債券(国債)の金利は返済不能の高金利:6%ー7%に向かう、国債の金利についてのEL PAIS新聞記事の一覧
http://economia.elpais.com/tag/prima_riesgo/a/
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¿Zona de rescate o zona del BCE?
Gobierno y expertos piden al Eurobanco un gesto de apoyo como la compra de bonos
El tipo del bono español llega al 6,5%, cuando los analistas sitúan la línea roja en el 7%
Draghi y Durão Barroso evitan hacer declaraciones para sostener la deuda española
¿Rescue area or area of the ECB?
Government and ask the experts Eurobanco a gesture of support as the purchase of bonds
The type of Spanish bond reaches 6.5%, when analysts placed the red line in 7%
Barroso Draghi and avoid making statements to support the Spanish debt
Alejandro Bolaños Madrid 16 MAY 2012 - 18:28 CET
Government and ask the experts Eurobanco a gesture of support as the purchase of bonds
The type of Spanish bond reaches 6.5%, when analysts placed the red line in 7%
Barroso Draghi and avoid making statements to support the Spanish debt
Alejandro Bolaños Madrid 16 MAY 2012 - 18:28 CET
The last time the markets tightened to Spain through the risk premium on government debt in April was enough that the European Central Bank Governing Council, Benoit Coeuré, remember that the bond purchase program "exists", although then take a month without use, now two and counting-to calm down tempers. During a day when the word bailout and Spain were associated mass, not just in the markets, there has been no reassurance from the ECB. Of course, mere speculation about the hypothetical performance of Eurobanco contributed at least to stop the spread of interest rates with the German bond to ten years, the famous risk premium in the 482 basis points at the close of markets. The session was opened above 500, a border area statistics rescue.
Today marks one year of the decision of the European finance ministers to approve the bailout of Portugal, the last of the countries assisted by the EU in February crystallized the second rescue Greece. The Portuguese government asked for help (he was granted a loan of 78,000 million) when the risk premium was around the level reached today by the Spanish. But experts note several differences: the risk premium reached Portuguese interest rates above 7%, which also occurred in the cases of Ireland and Greece. Now, the bonus interest rate of Spanish has come to stand at 6.5%, and is the very low yield on German (about 1.5%) which determines a risk premium similar.
Spain has already done their homework, the European Central Bank has to do something "
Ignacio Cantos, Atlas Capital
7% in the rate of ten-year bond is thus the essential reference for determining the area of rescue in the context of markets. There are also other data away the most extreme hypothesis. At least for now. The Spanish State has no trouble getting financing, the Treasury has covered more than half of the cash needs in 2012 and in auctions of Spanish titles are always in demand to spare-and arises even via hispabonos, cover communities, with more difficult access to markets.
Still, experts agree that if the ECB does not move forcefully, the pressure will continue and the border of 7% is also achieved. "The irrationality of the market will last while the European Central Bank wants," maintains Jose Luis Martinez Campuzano, a strategist at Citigroup. "Spain has done its homework, the ECB has to do something, anything," said Ignacio Cantos, Atlas Capital, told EFE. An opinion in which he explained Kutxabank President, Bank of Basque boxes, Mario Fernandez. "Until there is a support, a final support of the ECB in Spanish debt, we are going to spend hard time," he said. Until the industry minister, José Manuel Soria, was more explicit than usual in the representatives of European governments, very respectful of the independence of Eurobanco: "The ECB should adopt a more expansionary credit flowing."
more informationThe risk premium closed at 482 points after hitting a record highRajoy: "I talk to European leaders and does not concern a bailout of Spain"Spain fingers crossed for the possible fall is orderly Greek
For now, the ECB representatives, much more concerned in whipping Greek voter support for parties prorescate in the next election, as one listens to the rain. A few weeks ago, the president of the Bundesbank, Jens Weidmann, marked the line to follow. "It's not the end of the world if long rates go up a country of 6% on time," he said after oppose further purchases of bonds or cash macrosubasta third, the alternative pathway tested by the ECB to uncertainties in markets and allow time for political solutions, budget adjustments and structural reforms.
Neither Mario Draghi, chairman of the ECB, and Jose Manuel Durao Barroso, European Commission president, who had the opportunity to participate in events with the press, made statements to calm the market pressure against Spain. Both have the chance to talk through their actions in the coming weeks. The Commission must decide before the end of the month if the term broadly to Spain to reduce the public deficit to 3%. The ECB is involved in the independent evaluation of the credit portfolio of Spanish banks, which should be ready in two months. Before I knew what the real needs of the banking capital, the option of a partial redemption-a loan to recapitalize Spanish banks would request the Government to EU and IMF, is only a hypothesis of analysts.
The question is whether the ECB wants to clear these unknowns with the market pressure on Spain to red. If the answer is yes, continue turning a deaf ear. If the answer is negative, slide, or buy bonds that can at any moment sooner rather than later.
Today marks one year of the decision of the European finance ministers to approve the bailout of Portugal, the last of the countries assisted by the EU in February crystallized the second rescue Greece. The Portuguese government asked for help (he was granted a loan of 78,000 million) when the risk premium was around the level reached today by the Spanish. But experts note several differences: the risk premium reached Portuguese interest rates above 7%, which also occurred in the cases of Ireland and Greece. Now, the bonus interest rate of Spanish has come to stand at 6.5%, and is the very low yield on German (about 1.5%) which determines a risk premium similar.
Spain has already done their homework, the European Central Bank has to do something "
Ignacio Cantos, Atlas Capital
7% in the rate of ten-year bond is thus the essential reference for determining the area of rescue in the context of markets. There are also other data away the most extreme hypothesis. At least for now. The Spanish State has no trouble getting financing, the Treasury has covered more than half of the cash needs in 2012 and in auctions of Spanish titles are always in demand to spare-and arises even via hispabonos, cover communities, with more difficult access to markets.
Still, experts agree that if the ECB does not move forcefully, the pressure will continue and the border of 7% is also achieved. "The irrationality of the market will last while the European Central Bank wants," maintains Jose Luis Martinez Campuzano, a strategist at Citigroup. "Spain has done its homework, the ECB has to do something, anything," said Ignacio Cantos, Atlas Capital, told EFE. An opinion in which he explained Kutxabank President, Bank of Basque boxes, Mario Fernandez. "Until there is a support, a final support of the ECB in Spanish debt, we are going to spend hard time," he said. Until the industry minister, José Manuel Soria, was more explicit than usual in the representatives of European governments, very respectful of the independence of Eurobanco: "The ECB should adopt a more expansionary credit flowing."
more informationThe risk premium closed at 482 points after hitting a record highRajoy: "I talk to European leaders and does not concern a bailout of Spain"Spain fingers crossed for the possible fall is orderly Greek
For now, the ECB representatives, much more concerned in whipping Greek voter support for parties prorescate in the next election, as one listens to the rain. A few weeks ago, the president of the Bundesbank, Jens Weidmann, marked the line to follow. "It's not the end of the world if long rates go up a country of 6% on time," he said after oppose further purchases of bonds or cash macrosubasta third, the alternative pathway tested by the ECB to uncertainties in markets and allow time for political solutions, budget adjustments and structural reforms.
Neither Mario Draghi, chairman of the ECB, and Jose Manuel Durao Barroso, European Commission president, who had the opportunity to participate in events with the press, made statements to calm the market pressure against Spain. Both have the chance to talk through their actions in the coming weeks. The Commission must decide before the end of the month if the term broadly to Spain to reduce the public deficit to 3%. The ECB is involved in the independent evaluation of the credit portfolio of Spanish banks, which should be ready in two months. Before I knew what the real needs of the banking capital, the option of a partial redemption-a loan to recapitalize Spanish banks would request the Government to EU and IMF, is only a hypothesis of analysts.
The question is whether the ECB wants to clear these unknowns with the market pressure on Spain to red. If the answer is yes, continue turning a deaf ear. If the answer is negative, slide, or buy bonds that can at any moment sooner rather than later.
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