http://ftalphaville.ft.com/blog FT Alphaville from FT.com Wed, 16 May 2012 19:44:37 +0000 en hourly 1 http://ftalphaville.ft.com/blog/2012/05/16/1003781/fomc-minutes-for-april-24-25-meeting/ http://ftalphaville.ft.com/blog/2012/05/16/1003781/fomc-minutes-for-april-24-25-meeting/#comments Wed, 16 May 2012 19:44:37 +0000 Cardiff Garcia http://ftalphaville.ft.com/blog/?p=1003781 http://ftalphaville.ft.com/blog/2012/05/16/1003781/fomc-minutes-for-april-24-25-meeting/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1003391/shifting-ecb-liquidity-to-ela-greek-bank-recap-edition/ http://ftalphaville.ft.com/blog/2012/05/16/1003391/shifting-ecb-liquidity-to-ela-greek-bank-recap-edition/#comments Wed, 16 May 2012 16:45:30 +0000 Joseph Cotterill http://ftalphaville.ft.com/blog/?p=1003391
Today was really not the best day for the ECB to signal this:

May 16 (Reuters) - The European Central Bank has stopped monetary...]]> http://ftalphaville.ft.com/blog/2012/05/16/1003391/shifting-ecb-liquidity-to-ela-greek-bank-recap-edition/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1003311/odeys-angst/ http://ftalphaville.ft.com/blog/2012/05/16/1003311/odeys-angst/#comments Wed, 16 May 2012 16:18:24 +0000 Masa Serdarevic http://ftalphaville.ft.com/blog/?p=1003311
That’s Crispin Odey...]]> http://ftalphaville.ft.com/blog/2012/05/16/1003311/odeys-angst/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1002901/fiscal-credibility-vs-democracy/ http://ftalphaville.ft.com/blog/2012/05/16/1002901/fiscal-credibility-vs-democracy/#comments Wed, 16 May 2012 14:24:57 +0000 Kate Mackenzie http://ftalphaville.ft.com/blog/?p=1002901 http://ftalphaville.ft.com/blog/2012/05/16/1002901/fiscal-credibility-vs-democracy/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1003321/markets-live/ http://ftalphaville.ft.com/blog/2012/05/16/1003321/markets-live/#comments Wed, 16 May 2012 14:00:47 +0000 Joseph Cotterill /blog/2012/05/16/1003321/markets-live
JC Hola, rabble.

JC And welcome to US Markets Live....]]> http://ftalphaville.ft.com/blog/2012/05/16/1003321/markets-live/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1003031/what-price-a-slowing-population/ http://ftalphaville.ft.com/blog/2012/05/16/1003031/what-price-a-slowing-population/#comments Wed, 16 May 2012 13:46:40 +0000 David Keohane http://ftalphaville.ft.com/blog/?p=1003031 http://ftalphaville.ft.com/blog/2012/05/16/1003031/what-price-a-slowing-population/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1002861/recap-and-tranche-primer/ http://ftalphaville.ft.com/blog/2012/05/16/1002861/recap-and-tranche-primer/#comments Wed, 16 May 2012 13:09:56 +0000 Lisa Pollack http://ftalphaville.ft.com/blog/?p=1002861
That’s...]]> http://ftalphaville.ft.com/blog/2012/05/16/1002861/recap-and-tranche-primer/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1002881/what-happens-if-the-chinese-government-cracks-down-on-all-copper-%e2%80%98financing-deals%e2%80%99/ http://ftalphaville.ft.com/blog/2012/05/16/1002881/what-happens-if-the-chinese-government-cracks-down-on-all-copper-%e2%80%98financing-deals%e2%80%99/#comments Wed, 16 May 2012 12:24:25 +0000 Izabella Kaminska http://ftalphaville.ft.com/blog/?p=1002881
First, they...]]> http://ftalphaville.ft.com/blog/2012/05/16/1002881/what-happens-if-the-chinese-government-cracks-down-on-all-copper-%e2%80%98financing-deals%e2%80%99/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1002681/why-chinas-rmb-exodus-is-the-story/ http://ftalphaville.ft.com/blog/2012/05/16/1002681/why-chinas-rmb-exodus-is-the-story/#comments Wed, 16 May 2012 11:20:50 +0000 Izabella Kaminska http://ftalphaville.ft.com/blog/?p=1002681
After years of structural under-valuation, things are changing.

China faces what we have described before...]]> http://ftalphaville.ft.com/blog/2012/05/16/1002681/why-chinas-rmb-exodus-is-the-story/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1002701/markets-live-246/ http://ftalphaville.ft.com/blog/2012/05/16/1002701/markets-live-246/#comments Wed, 16 May 2012 10:01:40 +0000 Paul Murphy /blog/2012/05/16/1002701/markets-live
PM Morning

PM Early warning...]]> http://ftalphaville.ft.com/blog/2012/05/16/1002701/markets-live-246/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1002481/the-early-lunch-wrap-27/ http://ftalphaville.ft.com/blog/2012/05/16/1002481/the-early-lunch-wrap-27/#comments Wed, 16 May 2012 09:29:01 +0000 FT Alphaville http://ftalphaville.ft.com/blog/?p=1002481
FT ALPHAVILLE

The eurzone is having a really bad Wednesday: Yields are spiking and equities are tumbling: the charts are here.

Do not trust the FRA-OIS...]]> http://ftalphaville.ft.com/blog/2012/05/16/1002481/the-early-lunch-wrap-27/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1002491/caption-this-competition/ http://ftalphaville.ft.com/blog/2012/05/16/1002491/caption-this-competition/#comments Wed, 16 May 2012 09:21:43 +0000 FT Alphaville http://ftalphaville.ft.com/blog/?p=1002491


Best reply wins an apology horse.

]]> http://ftalphaville.ft.com/blog/2012/05/16/1002491/caption-this-competition/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1002291/tis-an-ugly-morning-in-euroland/ http://ftalphaville.ft.com/blog/2012/05/16/1002291/tis-an-ugly-morning-in-euroland/#comments Wed, 16 May 2012 07:45:38 +0000 David Keohane http://ftalphaville.ft.com/blog/?p=1002291


Italian 10-year paper breaching 6 per cent for the first...]]> http://ftalphaville.ft.com/blog/2012/05/16/1002291/tis-an-ugly-morning-in-euroland/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/998501/plug-pulling-in-athens/ http://ftalphaville.ft.com/blog/2012/05/16/998501/plug-pulling-in-athens/#comments Wed, 16 May 2012 07:30:48 +0000 Joseph Cotterill http://ftalphaville.ft.com/blog/?p=998501
Athens-based bankers said withdrawals exceeded €1.2bn on Monday and Tuesday – 0.75 per cent of deposits – as President Karolos Papoulias failed in two final...]]> http://ftalphaville.ft.com/blog/2012/05/16/998501/plug-pulling-in-athens/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1002061/the-hot-pasty-tax-strikes/ http://ftalphaville.ft.com/blog/2012/05/16/1002061/the-hot-pasty-tax-strikes/#comments Wed, 16 May 2012 07:15:25 +0000 Kate Mackenzie http://ftalphaville.ft.com/blog/?p=1002061 http://ftalphaville.ft.com/blog/2012/05/16/1002061/the-hot-pasty-tax-strikes/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1002091/further-reading-1023/ http://ftalphaville.ft.com/blog/2012/05/16/1002091/further-reading-1023/#comments Wed, 16 May 2012 07:06:05 +0000 FT Alphaville http://ftalphaville.ft.com/blog/?p=1002091
- The Whale’s harpooner?

- China’s real estate unravelling.

- Goldman’s legal slip-up.

- Romney gets some advice on how to act human....]]> http://ftalphaville.ft.com/blog/2012/05/16/1002091/further-reading-1023/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/16/1001771/the-6am-cut-london-45/ http://ftalphaville.ft.com/blog/2012/05/16/1001771/the-6am-cut-london-45/#comments Wed, 16 May 2012 04:38:40 +0000 Kate Mackenzie http://ftalphaville.ft.com/blog/?p=1001771 http://ftalphaville.ft.com/blog/2012/05/16/1001771/the-6am-cut-london-45/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/15/1001671/the-closer-41/ http://ftalphaville.ft.com/blog/2012/05/15/1001671/the-closer-41/#comments Tue, 15 May 2012 21:47:41 +0000 FT Alphaville http://ftalphaville.ft.com/blog/?p=1001671
Greece is heading for a fresh general election “after its political parties failed to form a national unity government because of opposition from the anti-bailout...]]> http://ftalphaville.ft.com/blog/2012/05/15/1001671/the-closer-41/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/15/996831/goldmans-repo-optimizer/ http://ftalphaville.ft.com/blog/2012/05/15/996831/goldmans-repo-optimizer/#comments Tue, 15 May 2012 21:05:37 +0000 Cardiff Garcia http://ftalphaville.ft.com/blog/?p=996831
Lastly, Goldman explained that...]]> http://ftalphaville.ft.com/blog/2012/05/15/996831/goldmans-repo-optimizer/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/15/1001461/us-markets-live-now-landing-on-wednesdays/ http://ftalphaville.ft.com/blog/2012/05/15/1001461/us-markets-live-now-landing-on-wednesdays/#comments Tue, 15 May 2012 19:43:15 +0000 FT Alphaville http://ftalphaville.ft.com/blog/?p=1001461 http://ftalphaville.ft.com/blog/2012/05/15/1001461/us-markets-live-now-landing-on-wednesdays/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/15/1001191/falling-daily-trading-volumes-not-so-mysterious/ http://ftalphaville.ft.com/blog/2012/05/15/1001191/falling-daily-trading-volumes-not-so-mysterious/#comments Tue, 15 May 2012 17:47:59 +0000 Cardiff Garcia http://ftalphaville.ft.com/blog/?p=1001191 http://ftalphaville.ft.com/blog/2012/05/15/1001191/falling-daily-trading-volumes-not-so-mysterious/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/15/996821/the-foreign-law-distinction-encore/ http://ftalphaville.ft.com/blog/2012/05/15/996821/the-foreign-law-distinction-encore/#comments Tue, 15 May 2012 16:49:08 +0000 Joseph Cotterill http://ftalphaville.ft.com/blog/?p=996821
It also made it possible (though...]]> http://ftalphaville.ft.com/blog/2012/05/15/996821/the-foreign-law-distinction-encore/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/15/1000971/greece-when-the-lights-go-out/ http://ftalphaville.ft.com/blog/2012/05/15/1000971/greece-when-the-lights-go-out/#comments Tue, 15 May 2012 16:13:36 +0000 Masa Serdarevic http://ftalphaville.ft.com/blog/?p=1000971 http://ftalphaville.ft.com/blog/2012/05/15/1000971/greece-when-the-lights-go-out/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/15/1001091/credit-event-of-the-year-drumroll/ http://ftalphaville.ft.com/blog/2012/05/15/1001091/credit-event-of-the-year-drumroll/#comments Tue, 15 May 2012 15:39:22 +0000 Lisa Pollack http://ftalphaville.ft.com/blog/?p=1001091
Managers triumph at credit event of the year

FT Alphaville immediately thought, wait a second, there’s an award...]]> http://ftalphaville.ft.com/blog/2012/05/15/1001091/credit-event-of-the-year-drumroll/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/15/1001061/do-not-trust-the-fra-ois-spread/ http://ftalphaville.ft.com/blog/2012/05/15/1001061/do-not-trust-the-fra-ois-spread/#comments Tue, 15 May 2012 15:12:15 +0000 Izabella Kaminska http://ftalphaville.ft.com/blog/?p=1001061
If you’ve looked at the eurozone FRA-OIS spread recently and wondered why it is so weirdly stable given that Grexit...]]> http://ftalphaville.ft.com/blog/2012/05/15/1001061/do-not-trust-the-fra-ois-spread/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/15/1000961/greek-coalition-talks-fail-and-everybody-hits-the-deck/ http://ftalphaville.ft.com/blog/2012/05/15/1000961/greek-coalition-talks-fail-and-everybody-hits-the-deck/#comments Tue, 15 May 2012 13:43:49 +0000 David Keohane http://ftalphaville.ft.com/blog/?p=1000961
But then these few flashes hit the wires…...]]> http://ftalphaville.ft.com/blog/2012/05/15/1000961/greek-coalition-talks-fail-and-everybody-hits-the-deck/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/15/1000891/your-handy-one-table-guide-to-the-cost-of-grexit/ http://ftalphaville.ft.com/blog/2012/05/15/1000891/your-handy-one-table-guide-to-the-cost-of-grexit/#comments Tue, 15 May 2012 13:02:16 +0000 Izabella Kaminska http://ftalphaville.ft.com/blog/?p=1000891


As for the banks:

Assuming that the new national currency would...]]> http://ftalphaville.ft.com/blog/2012/05/15/1000891/your-handy-one-table-guide-to-the-cost-of-grexit/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/15/1000421/em-correlations-charted/ http://ftalphaville.ft.com/blog/2012/05/15/1000421/em-correlations-charted/#comments Tue, 15 May 2012 12:25:17 +0000 David Keohane http://ftalphaville.ft.com/blog/?p=1000421


Sort of. And one for emerging markets credit!



Those are a couple of fun charts from Goldman Sachs analysts on Tuesday,...]]> http://ftalphaville.ft.com/blog/2012/05/15/1000421/em-correlations-charted/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/15/1000481/the-state-of-the-eurozone-credit-edition/ http://ftalphaville.ft.com/blog/2012/05/15/1000481/the-state-of-the-eurozone-credit-edition/#comments Tue, 15 May 2012 12:01:16 +0000 Lisa Pollack http://ftalphaville.ft.com/blog/?p=1000481 http://ftalphaville.ft.com/blog/2012/05/15/1000481/the-state-of-the-eurozone-credit-edition/feed/ 0 http://ftalphaville.ft.com/blog/2012/05/15/999891/an-lng-headache-caused-by-an-unconventional-gas-headache/ http://ftalphaville.ft.com/blog/2012/05/15/999891/an-lng-headache-caused-by-an-unconventional-gas-headache/#comments Tue, 15 May 2012 11:44:12 +0000 Kate Mackenzie http://ftalphaville.ft.com/blog/?p=999891 http://ftalphaville.ft.com/blog/2012/05/15/999891/an-lng-headache-caused-by-an-unconventional-gas-headache/feed/ 0