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  1. January 1, 2014

    Upswing optimists say recovery ‘well entrenched’

    Economists are largely positive that the recovery is set fair. Forty-five per cent of respondents believed the upswing was...

  2. FT Alphaville

    February 26, 2013

    The burning of Rome spreads

    The political picture in Italy is looking deeply uncertain. We all know that. But what’s possibly more interesting is the...

  1. FT Alphaville

    January 23, 2013

    LTRO repayment bifurcation risk

    The first LTRO repayment opportunity is fast approaching. David has already considered how it may or may not impact European...

  2. FT Alphaville

    January 11, 2013

    The negative rate bluff

    Negative rates, as we’ve discussed before, are a funny thing. On the one hand they can send an immensely powerful message....

  3. FT Alphaville

    May 15, 2012

    Do not trust the FRA-OIS spread!

    An excellent point from Don Smith at ICAP on Tuesday. If you’ve looked at the eurozone FRA-OIS spread recently and wondered...

  4. FT Alphaville

    March 8, 2012

    Ronia to the rescue

    Or, what to do when your primary funding benchmark is in crisis. The search is on in money markets for an alternative to...

  5. FT Alphaville

    March 8, 2012

    Greek bond and T-bill characteristics on Thursday, March 8

    Literally. (H/T Don Smith.) ...

  6. FT Alphaville

    December 22, 2011

    The LTRO, the switch and the basis swap market

    Were you puzzled by the immediate reaction of the euro following Wednesday’s LTRO? Icap’s Don Smith, has a rather compelling...

  7. December 14, 2011

    Europe’s banks scramble for funding

    Europe’s banks are scrambling for dollar funding, even after central banks moved to flood the system with unlimited amounts...

  8. November 29, 2011

    Markets look beyond Osborne to Europe

    There is only one show in town as far as the City and financial markets are concerned – and it is not George Osborne and his...

  9. September 8, 2011

    Strains rise in short-term eurozone lending

    Strains in the eurozone short-term lending markets have jumped sharply this week amid worries that the sovereign debt crisis...

  10. September 5, 2011

    Banks park record volume of euros at ECB

    Eurozone bank sector tensions have increased the volume of euros parked overnight at the European Central Bank to levels not...

  11. June 20, 2011

    Small eurozone banks struggle to access loans

    Tensions are rising in the money markets for smaller and weaker eurozone banks as they struggle to borrow due to fears of...

  12. June 5, 2011

    Interbank sterling loan rate launched

    A new interbank lending rate, to be launched on Monday, could help protect bank balance sheets from fluctuating interest...

  13. May 9, 2011

    Greek default swaps soar to record high

    The cost of insuring against a Greek debt default soared to a record high on Monday as investors worried about the prospect...

  14. April 18, 2011

    Greek bond fears intensify debt debate

    As the eurozone approaches the first anniversary of the bail-out of Greece, fears of a debt restructuring are intensifying....

  15. April 6, 2011

    Portugal forced to pay ‘prohibitive’ yields

    Portugal was forced to pay sharply higher interest rates in an auction of short-term debt on Wednesday. José Sócrates, the...

  16. April 5, 2011

    Debt downgrade adds to pressure on Portugal

    Portugal’s cost of borrowing soared to more than 10 per cent for the first time since the launch of the euro, following a...

  17. March 21, 2011

    Russia returns Spanish bonds to approved list

    Russia has taken Spain off its investment blacklist as Madrid cut its budget deficit, introduced labour market and pension...

  18. March 15, 2011

    Expectations of early rate rise recede

    Expectations of rate rises in the UK have been sharply pushed back this week amid fears of a reversal in the global economy...

  19. March 9, 2011

    Oil and eurozone fears weigh on equities

    A rebound for oil prices and mounting concerns about eurozone sovereign debt left US and European stock markets on shaky...

  20. March 6, 2011

    Hunt is on for ways to beat price rises

    Last summer, the threat of inflation was the last thing on most investors’ minds. Now, it is the biggest worry for many as...

  21. February 18, 2011

    ECB buys Portuguese debt as yields soar

    The European Central Bank intervened in the markets on Friday for the first time in a week to prevent Portugal’s borrowing...

  22. February 17, 2011

    Emergency ECB lending remains elevated

    Demand for emergency loans from the European Central Bank has stayed at unusually high levels for a second day in a row....

  23. February 13, 2011

    Inflation fears lead investors to bet on rate rises

    Hundreds of billions of dollars have exchanged hands this year in bets on when the next interest rate rises will be in the...

  24. February 10, 2011

    Earnings and Egypt spark volatile trading

    Disappointing corporate earnings, renewed tensions over eurozone sovereign debt and mounting confusion about the situation...

  25. January 30, 2011

    Europe’s banks hint at return to health

    Europe’s banking system is returning to health amid signs that financial institutions are no longer hoarding cash, according...

  26. January 23, 2011

    Rate rise expectations cloud crystal ball

    Market expectations over the timing of the Bank of England’s next interest rate rise have been moved forward significantly –...

  27. January 6, 2011

    Portuguese bond yields near euro-era high

    Portugal’s cost of borrowing rose close to euro-era highs on Thursday as the country’s bond markets came under pressure...

  28. December 9, 2010

    Eurozone crisis boosts default swaps

    As the eurozone debt crisis has intensified, derivatives markets are under scrutiny again. Credit default swaps, a form of...

  29. December 8, 2010

    Eurozone bond markets face testing run

    Eurozone bond markets face a testing run-up to Christmas amid fears the regional crisis could blow up again because of thin...

  30. FT Alphaville

    November 26, 2010

    Eurozone borrowing costs hit record

    The cost of borrowing for the eurozone’s peripheral economies rose to record highs on Thursday amid signs the debt crisis...

  31. November 25, 2010

    Spain issues defiant warning to markets

    Spain has warned financial traders betting against its debt that they will lose money, in a defiant challenge to the markets...

  32. November 11, 2010

    Overview: Irish woes feed EU contagion fears

    Eurozone debt woes dominated the market agenda as concerns intensified that Ireland might soon be forced to follow Greece in...

  33. FT Alphaville

    November 10, 2010

    Irish bond yields leap after selling wave

    Irish bond yields have seen the biggest one-day jump since the launch of the European single currency as a result of a wave...

  34. November 10, 2010

    Bond sell-off takes Ireland closer to tipping point

    In the eyes of bond market investors, the prospect of an Irish bail-out, similar to that of Greece, is growing by the day....

  35. November 10, 2010

    Irish bond yields leap after selling wave

    Ireland’s cost of borrowing shot up to its highest level since the European single currency as a result of a wave of forced...

  36. October 5, 2010

    Eurozone rates hit 14-month highs

    Eurozone money market rates have hit 14-month highs in a sign that strains in the financial system are easing as commercial...

  37. September 28, 2010

    Is Ireland restaging Greek tragedy?

    Ireland is looking more like Greece every day, according to market prices at least. The country’s government bond yields...

  38. September 26, 2010

    Eurozone banks face test as loans expire

    The health of eurozone banks faces a fresh test this week when they are due to roll over the largest amount of loans at the...

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