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Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!

 
Anonymous Coward
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Spain
06/14/2012 07:17 AM
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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
Hello Luis,
7% is real high. Do you see Spain asking for troika help in the near future not for the banks but for the public sector?
 Quoting: Foveras

Help? Their asses should be beaten with a friggin stick until they reach nearly melting point. EU management should get all fired by being so close minded and incompetent.
Luisport (OP)

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Portugal
06/14/2012 07:21 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
Spain enters danger zone as yields near 7%
Crisis in Spain intensifies MADRID (MarketWatch) — The financial crisis threatening the Spanish government deepened Thursday as its borrowing costs hit a new euro-era high, touching levels that previously forced other euro-zone countries to seek sovereign-debt bailouts. [link to www.marketwatch.com]
Luisport (OP)

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Portugal
06/14/2012 07:23 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
zerohedge‏@zerohedge

Tsipras says that if his party comes first in Sunday’s elections, it will signify the end of the EU-IMF memorandum [link to DON'T_USE-THIS]
Foveras

User ID: 17863238
Greece
06/14/2012 07:25 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
Hello Luis,
7% is real high. Do you see Spain asking for troika help in the near future not for the banks but for the public sector?
 Quoting: Foveras


Yes both of them... situation is just insustainable! Please tell me what's last news on sunday elections?
 Quoting: Luisport


The "secret" gallops show a win of ND. But as the previous elections they try to show a dynamic towards ND. I think Syriza is going to be the winner and with a win of 3-4%. The interesting is that today Tsipras said for the first time that € shouldn't be above everything, i.e if we cann't make a deal that isn't in favor of the people then we can leave euro. I have a feeling that Tsipras is moving with the blessing of Obama. Obama must be really furious with Germans handling of the case. Will see. Sunday is near

Last Edited by Foveras on 06/14/2012 07:26 AM
Love responsibility,
keep saying, I alone
will save the world
If it gets lost, myself only is responsible

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Limpan

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Sweden
06/14/2012 07:27 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
Pro bailout parties are likely to win on Sunday!! Breaking! Maybe it's these news that spike the markets
citizenperth
FUKUSHIMA, GLPTARD 24/7/365

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Australia
06/14/2012 07:32 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
7%.. sell and buy property...

oh, and pray...... if you do....

Last Edited by Citizenperth on 06/14/2012 07:33 AM
It's life as we know it, but only just.
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Luisport (OP)

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06/14/2012 07:32 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
1 min zerohedge‏@zerohedge

Two amusing FT headlines: "France Seeks Eurozone Stability Package" promptly followed by "Germany Dashes Eurozone Expectations"
Foveras

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Greece
06/14/2012 07:37 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
Pro bailout parties are likely to win on Sunday!! Breaking! Maybe it's these news that spike the markets
 Quoting: Limpan


I think not. The reason is that Golden Dawn (nazis party)shows very high rates (9-10% goes for third or fourth party). Goldens dawn pool is from right wing ie ND. If golden dawn get more than 5-6% Syriza will make a big win. Today Athens stock market is rallying. more than 7%. That's not dye o informations that probailout party's are winning but due to informations that even if antibailout partys winn bank are not going to become public
Love responsibility,
keep saying, I alone
will save the world
If it gets lost, myself only is responsible

N.Kazantzakis
Luisport (OP)

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Portugal
06/14/2012 07:50 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
Pro bailout parties are likely to win on Sunday!! Breaking! Maybe it's these news that spike the markets
 Quoting: Limpan


I think not. The reason is that Golden Dawn (nazis party)shows very high rates (9-10% goes for third or fourth party). Goldens dawn pool is from right wing ie ND. If golden dawn get more than 5-6% Syriza will make a big win. Today Athens stock market is rallying. more than 7%. That's not dye o informations that probailout party's are winning but due to informations that even if antibailout partys winn bank are not going to become public
 Quoting: Foveras

26 s zerohedge‏@zerohedge

Greek Election Election Winner Betting Odds [link to DON'T_USE-THIS]

3 min zerohedge‏@zerohedge

Greek Stock Market Soars On Speculation Tsipras Bluffing
Luisport (OP)

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06/14/2012 07:57 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
ohedge‏@zerohedge

Spain 10 Y yield continues rising, now back to just 3 bps short of 7.000%
Luisport (OP)

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Portugal
06/14/2012 08:10 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
zerohedge‏@zerohedge

@stratosathens Hollande saying Tspiras' platfrom is viable means any polls, made up, secret, or otherwise, are meaningless

7 min zerohedge‏@zerohedge

Hollande just boosted Syriza's victory odds even higher

9 min zerohedge‏@zerohedge

Ekathimerini says Hollande confirms that there is room for renegotation the memorandum.... Merkel will be piiiiiised dance

Last Edited by Luisport on 06/14/2012 08:10 AM
Chris Jusset

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United States
06/14/2012 08:18 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
Yield on Spain bond yield hits highest-ever 7%! MADRID (MarketWatch) -- The yield on Spain's 10-year government bond reached an all-time high of 7% on Thursday,
 Quoting: Luisport


Italy 3yr bond yield hits 6-month high at auction
 Quoting: Luisport


the Spanish 10-year yield just broke through 7.0 percent on Tradeweb.
 Quoting: Luisport


zerohedge‏@zerohedge
Spain CDS hit record 612 bps minutes ago
 Quoting: Luisport


zerohedge‏@zerohedge
Italy’s April Government Debt Reaches Record EU1.95t
 Quoting: Luisport


Both Spain and Italy are at the brink. In the past, the ECB has stepped in and purchased bonds to keep the interest rates low. However, now the ECB's balance sheet has ballooned past all sense of reason, and it's filled with worthless JUNK bonds.

Yet, now the ECB basically has no choice but to intervene and buy up more worthless junk ... lest all of its prior efforts be for naught. Or has the ECB reached its limit?

ahhhabombaloneabombahhh

This is a disaster that will NOT go away.
Luisport (OP)

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Portugal
06/14/2012 08:20 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
Italy Trembles On The Brink Of The Impossible

...And Italy is desperate. “Schnell, Frau Merkel,” screamed the front-page headline of the Italian business daily Il Sole 24 Ore. “Hurry up, Ms. Merkel,” an open letter to German Chancellor Angela Merkel, was a plea to do what it would take to save Italy—and thus the Eurozone. “Great Germany is losing its sense of history ... and solidarity with European partners,” the article admonished, despite the hundreds of billions of euros that German taxpayers already committed to the bailouts. It called for immediate action, which would be in Germany’s own interest, and had “at least three” demands:

1. European-wide deposit insurance. Problem: it doesn’t exist yet, and no bank has paid into the fund; thus, it would be taxpayers, particularly Merkel’s voters, who’d have to transfer their wealth to bail out banks and depositors in other countries.

2. Give banks direct access to the bailout fund EFSF. Problem: it was sold to voters as a bailout mechanism for countries, not corporations.

3. Unification of bond yields via Eurobonds. Cost of borrowing would be the same for all countries, raising it for Germany and France, and lowering it for Spain and Italy. A bit “more complicated” to implement, it would require constitutional reforms of all countries as they would give up part of their national sovereignty. A “European constitution” would have to seal it. “Leaders in every country, including France and Germany, must have the strength to convince their electorates of the short- and medium-term benefits.”...


Read more: [link to www.testosteronepit.com]
Chris Jusset

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United States
06/14/2012 08:21 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
For us in Ireland the sooner the euro dies the better.Need to reintroduce the punt, devalue it and tie it to sterling while getting the economy to grow again.

This Eurocalypse nonsense has scared the masses who cannot think beyond it. Get rid of it.
 Quoting: Anonymous Coward 16489306


Its too late. Nothing on earth can effectively deal with the debt banks worldwide hold. This Euro experiment was an absolute disaster as was the false boom it generated.I remember telling friends in Belfast prior to emigrating in 1993 that the South would live to regret the false boom.
 Quoting: Marxist


It is too late ... but all of the Eurocrats are in COMPLETE DENIAL. They're hoping for a miracle, and will keep kicking the can as long as possible.
Luisport (OP)

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06/14/2012 08:59 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
This One Paragraph Explains Why The Spanish Bailout Has Failed And Contagion Has Worsened

Lombard Street Research's Charles Dumas provides the best summary we've seen so far of why many believe that the bailout is a failing proposition:

The Spanish bail-out was a typical example of half-measures. It seemed clever to insulate Spain a week ahead of the Greek elections, so that “Grexit” could be possible without immediate major contagion into Spain. But Spanish banks needed equity, not debt funding that would leave them as insolvent as before. So the provision of debt funding by the Eurozone required the Spanish government as intermediary, to turn the debt – now effectively national debt – into equity for its banks. So private holders of Spanish government debt have effectively been subordinated – and will be for each further tranche of aid that is needed in future. Thus contagion was worsened, and quickly spread to Italy, which can only too clearly not afford its share of the Spanish bail-out. Additionally, the Greek Socialists’ claim that Europe will willingly renegotiate Greece’s austerity programme was reinforced by the sight of the Eurozone blinking before Spain’s tough negotiating position.


Read more: [link to www.businessinsider.com]
Luisport (OP)

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06/14/2012 09:06 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
zerohedge‏@zerohedge

Swiss 2 Year -37.3 bps, -5.6 bps on the DAY. 5 Year: -5.4 bps. Only indicator in Europe that is unfudged right now
Anonymous Coward
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06/14/2012 09:12 AM
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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
Spain will become a VERY poor client country controlled by Northern Europe. From this they will never escape. A nice place for Germans to go on holiday cheaply and buy second houses .. very sad for Spaniards as the future is bad for them
Chris Jusset

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United States
06/14/2012 09:26 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
bump

BUMP

5-STAR

PIN
Luisport (OP)

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Portugal
06/14/2012 09:29 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
zerohedge‏@zerohedge

Not good: ECB Action Needed to Avoid Failed Italian Bond Auction: Daiwa

13 min zerohedge‏@zerohedge

Nowotny: "Too soon to speculate about ECB offering any more 3 year LTROs". First trying to find if have enough Snickers' bars as collateral
Luisport (OP)

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06/14/2012 09:30 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
bump

BUMP

5-STAR

PIN
 Quoting: Chris Jusset


hf
Anonymous Coward
User ID: 9014106
Australia
06/14/2012 09:35 AM
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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
So, how much longer until the 'collapse' now??

uhoh
Luisport (OP)

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Portugal
06/14/2012 09:40 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
zerohedge‏@zerohedge

NOWOTNY SAYS SEES EURO AREA ECONOMY CONTRACTING THIS YEAR. as long as debt is rising, all is well
citizenperth
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06/14/2012 09:42 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
So, how much longer until the 'collapse' now??

uhoh
 Quoting: Anonymous Coward 9014106


care factor if you got property South... ;)worth more than 800-1200 M

Last Edited by Citizenperth on 06/14/2012 09:43 AM
It's life as we know it, but only just.
My Fukushima Site:
[link to citizenperth.wordpress.com]
sic ut vos es vos should exsisto , denego alius vicis facio vos change , exsisto youself , proprie

GLP's best Fuku thread: Thread: *** Fukushima *** and other nuclear-----updates and links
twitter: @citizenperth
“If I had an hour to solve a problem and my life depended on it, I would use the first 55 minutes determining the proper question to ask, for once I knew the proper question, I could solve the problem in less than five minutes.”
- Albert Einstein
Luisport (OP)

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06/14/2012 09:48 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
zerohedge‏@zerohedge

Nowotny: ECB Has Considered Cutting Deposit Rate to Zero
Anonymous Coward
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06/14/2012 09:50 AM
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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
7% will drain ALL of the cash-flow from these countries.

Spain will default very shortly if they can't get bond prices down.

Same in the U.S. if our bond rates go to 6% we'll be unable to meet cash flow due to all the short term funding we'll be rolling over.

That is, 6% on our bonds eats up ALL available incoming cash on payments.
 Quoting: Fingulas


Won't happen in the U.S. for a variety of reasons:

1) Dollar is still the world's reserve currency and will be for the foreseeable future. When the SHTF investors and others always look to the U.S., for obvious reasons.

2) The U.S. can still manage it's debt, as long as it starts to seriously bring down public spending. Japan, Italy, etc. have very, very serious debt issues. Spain will be able to get out of the situation, but it's going to be painful and their unemployment rate is off the charts. Ireland SHOULDN'T HAVE BAILED OUT THE BIG BANKS AND FINANCIAL INSTITUTIONS, but too late. Ireland will be able to handle it's public debt, and it actually demographically has a lot going for it, but it's private debt is off the charts. People were living high off the hog on money they didn't have for a long time. Likewise, Portugal will make it, but Greece? I don't know. They're in a life and death struggle.
citizenperth
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06/14/2012 09:51 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
unless they are negativity-mortgage.. why go there without a below zero hedge?
It's life as we know it, but only just.
My Fukushima Site:
[link to citizenperth.wordpress.com]
sic ut vos es vos should exsisto , denego alius vicis facio vos change , exsisto youself , proprie

GLP's best Fuku thread: Thread: *** Fukushima *** and other nuclear-----updates and links
twitter: @citizenperth
“If I had an hour to solve a problem and my life depended on it, I would use the first 55 minutes determining the proper question to ask, for once I knew the proper question, I could solve the problem in less than five minutes.”
- Albert Einstein
citizenperth
FUKUSHIMA, GLPTARD 24/7/365

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06/14/2012 09:57 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
unless they are negativity-mortgage.. why go there without a below zero hedge?
 Quoting: citizenperth


250K... ty............

go eat greaps............
It's life as we know it, but only just.
My Fukushima Site:
[link to citizenperth.wordpress.com]
sic ut vos es vos should exsisto , denego alius vicis facio vos change , exsisto youself , proprie

GLP's best Fuku thread: Thread: *** Fukushima *** and other nuclear-----updates and links
twitter: @citizenperth
“If I had an hour to solve a problem and my life depended on it, I would use the first 55 minutes determining the proper question to ask, for once I knew the proper question, I could solve the problem in less than five minutes.”
- Albert Einstein
Anonymous Coward
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Canada
06/14/2012 09:57 AM
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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
Spain: the beginning of the end:
[link to www.youtube.com]
(please note the give-a-fuck-ometer of the politician lady in the background as the guy explains pure apocalypse).
Luisport (OP)

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Portugal
06/14/2012 10:11 AM

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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
zerohedge‏@zerohedge

Austria Should Consider Remodeling Its Bad Banks, Liebscher Says. Just use the non-existant ESM. Problem solved
Anonymous Coward
User ID: 8595809
Spain
06/14/2012 10:18 AM
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Re: Yield on Spain bond yield hits highest-ever 7%!!! ECB Has Considered Cutting Deposit Rate to Zero!!!
Spain: the beginning of the end:
[link to www.youtube.com]
(please note the give-a-fuck-ometer of the politician lady in the background as the guy explains pure apocalypse).
 Quoting: Anonymous Coward 15859949


as well as the give-a-fuck-ometer of all the MEPs not sitting in their seats..

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