Europe remains split on ‘voluntary’ nature of restructuring
A few more weeks of uncertainty over Greece is something the bond markets could do without but this is now likely according to the comments of Luxembourg’s Finance Minister Frieden. ‘We will collect all available information’ (Bloomberg) suggests…
Portugal T.Bills auction, 10-year EFSF bond
The three-month PORTB 9/11 and the new six-month PORTB 12/11 will be auctioned for a combined amount of EUR0.75bn-1.0bn today (results after 11:30CET) with minimum issue size of EUR0.3bn for each line. At the previous auction, the three-month issue had a…
Greek restructuring: thinking the unthinkable – WAM
Report: The implications of an imminent Greek Sovereign debt restructuring are wide ranging but HSBC FI Research continues to believe that something involuntary remains unlikely. If a forced or hard restructuring were to take place, it would have repercussions and contagion for other European Sovereigns and banks, as well as a…
HSBC Global Research