Posts Tagged ‘Italian debt’

Notes From Underground: RUMOR OF THE WEEKEND–ECB WILL CAP RATES ON PERIPHERAL DEBT

August 19, 2012

There are several stories making the rounds this weekend that the ECB is planning to announce that it will CAP interest rates on Spanish and Italian DEBT. It seems that the ECB is floating an idea to see how the market responds to the idea of aggressive action by the ECB. Some are even calling it “THE BIG BAZOOKA.”

(more…)

Notes From Underground: Marco Polo returns to Italy, Bringing Chinese Riches

September 12, 2011

Well, the media was running wild in the last hour of U.S. equity trading with a rumor of the Chinese offering to purchase Italian bondsx. Every time the Euro debt crisis comes to a full boil, rumors arise about the Chinese riding to the rescue and buying beleaguered sovereign debt. In December 2009, the rumors were that the Chinese Investment Corporation [CIC] was interested in acquiring the 25 billion euros of Greek debt that was being road-showed–that was prior to the Greek Debt Crisis and the expected rate was roughly 6.5%.

(more…)