February 1, 2015
US-backed Mobs Back in Hong Kong’s Streets
Read more here: US-backed Mobs Back in Hong Kong’s Streets
Hard hitting global and local news
Hard hitting global and local news
Read more here: US-backed Mobs Back in Hong Kong’s Streets
Read the original: Diving Into the GDP Report – Some Ominous Trends – Yellen Yap – Decoupling or Not?
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More: Greece Will Not Accept Bailout Extension or Deal With "Rottenly Constructed" Troika; Mish’s Game Theory Math
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Read More: Alexis Tsipras "Open Letter" to German Citizens Regarding Extend-and-Pretend Unserviceable Debt
View post: US State Department Collaborating with Deposed Thai Dictator
More: Asset Price Deflation Coming Up? Food Prices About to Drop? CPI About to Go Negative? Credit Deflation?
The yield curve may look strange to some, but here’s the three-part explanation: Mid-range bonds will be hammered the most in any haircut deal. Yield on the 3-month bond spiked since the end of December. The market is pricing in the possibility of a default, but not within 3 months. National Bank of Greece 15-Minute Chart Shares of National Bank of Greece closed about 22% lower today. At one point they were down about 28%
Bloomberg reports Raiffeisen Debt Signaling Distress as Currency Woes Mount Raiffeisen Bank International AG (RBI)’s junior bonds slumped to levels typically viewed as distressed after gains in the Swiss franc added to woes triggered by the tumble in the Russian and Ukrainian currencies. Subordinated bonds sold by the Vienna-based lender slid as low as 63.4 cents on the euro, with yields of as much as 10 percent, after trading at 91 cents at the start of December, according to data compiled by Bloomberg