Italian Bond yields to hit 8% by end of this week!! *CELEBRATION*
- Thread starter spanish89
- Start date
Why would you say such a thing? The reasons why a real money manager would be underweight Italy are still very much valid. The fact that Italy has rallied 500bps changes nothing. In fact, if anything, it makes the case stronger.Quote from C6H12O6:
In this case they should get a different job as soon as possible, without waiting to be fired.
10y rallied not 500bps, only 250bps, but it has something left, you can catch it if you hurry.
And maybe british newpapers didn't say anything, but something happened in Italy and in Europe in the last 6 months. Like a balanced budget in Italy, and a... 1 Trillion just printed by the ECB @1% for 3 years...
Of course it's a classic bond mkt squeeze... The funding risk premium has been removed, so the bonds are performing like there's no tomorrow. Nothing particularly unusual about that.Quote from C6H12O6:
LOL
As a coincidence, "101" is the price of a BTP I'm looking at right now.
BTP prices are back at the levels of april-may 2011 before the "crisis", are you guys sure this is a "rebound" or a "squeeze" ?
Yes, true, sorry... Been looking at the 5y, while writing "10y".Quote from C6H12O6:
10y rallied not 500bps, only 250bps, but it has something left, you can catch it if you hurry.
And maybe british newpapers didn't say anything, but something happened in Italy and in Europe in the last 6 months. Like a balanced budget in Italy, and a... 1 Trillion just printed by the ECB @1% for 3 years...
And yes, something certainly did happen in Europe. Question is how much it's worth and whether it means people should be buying Italy here.
IMHO everything is about Europe's political future:
Europe lasts -> buy Italy
Europe breaks -> sell Italy
BTW italian stock market had significantly underperformed other european markets until now, today I'm also enjoying a nice +2/+3% on my italian stocks, at last .
Don't tell me I didn't warn you
I don't need a warning, amico. I am not short Italy.Quote from C6H12O6:
IMHO everything is about Europe's political future:
Europe lasts -> buy Italy
Europe breaks -> sell Italy
BTW italian stock market had significantly underperformed other european markets until now, today I'm also enjoying a nice +2/+3% on my italian stocks, at last .
Don't tell me I didn't warn you