Wall Street Journal
May 13, 2011
Iberian and Greek debt issuance will show next week how willing investors are to buy Spanish, Portuguese and Greek paper, while markets are awaiting the euro-zone and European Union finance ministers' meetings Monday and Tuesday for hints about new financial aid to Greece, to approve Portugal's bailout and to review the Irish program.
Bond supply will total around €20 billion, with Slovakia on Monday, Germany on Wednesday, and Spain and France on Thursday, compared with just over €14 billion this week from the Netherlands, Germany and Italy. Treasury bill supply will come from Germany, the Netherlands, France, Spain, Greece, Belgium and Portugal.
Changes to Greece's existing rescue package aren't on the official agenda of the finance ministers' meeting but will surely be discussed, said RBC Capital Markets analysts, adding that they don't expect a decision on this before the June European Council meeting.
More
No comments:
Post a Comment