FT Alphaville » Italy http://ftalphaville.ft.com FT Alphaville - Market Commentary - FT.com Tue, 18 Jun 2013 21:39:47 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Club Med yields, in historical context http://ftalphaville.ft.com/2013/04/23/1471712/club-med-yields-in-historical-context/ http://ftalphaville.ft.com/2013/04/23/1471712/club-med-yields-in-historical-context/#comments Tue, 23 Apr 2013 15:33:02 +0000 Paul Murphy http://ftalphaville.ft.com/?p=1471712 Nothing like taking the long view – such as this snapshot of Spanish, Portuguese and Italian 10 year paper, over 150 years. Click to enlarge

Continue reading: Club Med yields, in historical context]]> http://ftalphaville.ft.com/2013/04/23/1471712/club-med-yields-in-historical-context/feed/ 0 Crisis, what crisis etc http://ftalphaville.ft.com/2013/04/23/1471382/crisis-what-crisis-etc/ http://ftalphaville.ft.com/2013/04/23/1471382/crisis-what-crisis-etc/#comments Tue, 23 Apr 2013 10:03:56 +0000 David Keohane http://ftalphaville.ft.com/?p=1471382 Bond yields in the eurozone are hitting new lows not seen since 2010…


Continue reading: Crisis, what crisis etc]]> http://ftalphaville.ft.com/2013/04/23/1471382/crisis-what-crisis-etc/feed/ 0 Was that promise of ratable payment wrong? Should Italy not have done that? http://ftalphaville.ft.com/2013/04/18/1464972/was-that-promise-of-ratable-payment-wrong-should-italy-not-have-done-that/ http://ftalphaville.ft.com/2013/04/18/1464972/was-that-promise-of-ratable-payment-wrong-should-italy-not-have-done-that/#comments Thu, 18 Apr 2013 20:05:04 +0000 Joseph Cotterill http://ftalphaville.ft.com/?p=1464972 File under: Argentina’s battle with its holdouts and the effects thereof on pari passu clauses in sovereign bond contracts elsewhere in the world — with a special crossover to the changing legal status of official lenders in the eurozone crisis.

Spot the difference edition.

Continue reading: Was that promise of ratable payment wrong? Should Italy not have done that?]]> http://ftalphaville.ft.com/2013/04/18/1464972/was-that-promise-of-ratable-payment-wrong-should-italy-not-have-done-that/feed/ 0 When stress and spreads part company http://ftalphaville.ft.com/2013/03/14/1423272/when-stress-and-spreads-part-company/ http://ftalphaville.ft.com/2013/03/14/1423272/when-stress-and-spreads-part-company/#comments Thu, 14 Mar 2013 17:33:55 +0000 Paul Murphy http://ftalphaville.ft.com/?p=1423272 William Porter at Credit Suisse has been mulling the market’s muted reaction to the Italian elections. Increased stress is no longer finding its way into widening spreads, thanks to the Draghi “put”.

This credit strategist is concerned. A dampened signaling mechanism increases the risk of something going badly wrong — a market crash, even.

Continue reading: When stress and spreads part company]]> http://ftalphaville.ft.com/2013/03/14/1423272/when-stress-and-spreads-part-company/feed/ 0 La brutta figura http://ftalphaville.ft.com/2013/03/08/1416602/la-brutta-figura/ http://ftalphaville.ft.com/2013/03/08/1416602/la-brutta-figura/#comments Fri, 08 Mar 2013 17:40:59 +0000 Joseph Cotterill http://ftalphaville.ft.com/?p=1416602 Italy has finally fallen out of the ‘A’ ratings and into the Bs, at Fitch Ratings.

Here’s the explanation for cutting it to BBB+, outlook negative:

Continue reading: La brutta figura]]> http://ftalphaville.ft.com/2013/03/08/1416602/la-brutta-figura/feed/ 0 Beppe Grillo at market’s close http://ftalphaville.ft.com/2013/02/26/1400652/beppe-grillo-at-markets-close/ http://ftalphaville.ft.com/2013/02/26/1400652/beppe-grillo-at-markets-close/#comments Tue, 26 Feb 2013 16:37:29 +0000 David Keohane http://ftalphaville.ft.com/?p=1400652 Some thoughts from Beppe Grillo (really):

I’m here on the settee at home. They’ve made me lie down. They don’t want me to have any upsets. They’ve covered me up with one of those checkered rugs. Outside there are the floodlights beaming in through the bathroom window. I don’t know what they want to see. This adventure that we’re having is fantastic…

Continue reading: Beppe Grillo at market’s close]]> http://ftalphaville.ft.com/2013/02/26/1400652/beppe-grillo-at-markets-close/feed/ 0 The burning of Rome spreads http://ftalphaville.ft.com/2013/02/26/1399862/the-burning-of-rome-spreads/ http://ftalphaville.ft.com/2013/02/26/1399862/the-burning-of-rome-spreads/#comments Tue, 26 Feb 2013 13:35:31 +0000 Izabella Kaminska http://ftalphaville.ft.com/?p=1399862 The political picture in Italy is looking deeply uncertain. We all know that.

But what’s possibly more interesting is the scale of the market reaction to that uncertainty.

Continue reading: The burning of Rome spreads]]> http://ftalphaville.ft.com/2013/02/26/1399862/the-burning-of-rome-spreads/feed/ 0 Italian post-election misery http://ftalphaville.ft.com/2013/02/26/1398712/italian-post-election-misery/ http://ftalphaville.ft.com/2013/02/26/1398712/italian-post-election-misery/#comments Tue, 26 Feb 2013 08:34:25 +0000 Kate Mackenzie http://ftalphaville.ft.com/?p=1398712 In terms of providing certainty, it’s hard to see how the Italian election outcome could have been worse.

From the FT:

Continue reading: Italian post-election misery]]> http://ftalphaville.ft.com/2013/02/26/1398712/italian-post-election-misery/feed/ 0 Stable Italy shocker hopes dashed! http://ftalphaville.ft.com/2013/02/25/1398322/stable-italy-shocker-hopes-dashed/ http://ftalphaville.ft.com/2013/02/25/1398322/stable-italy-shocker-hopes-dashed/#comments Mon, 25 Feb 2013 16:12:28 +0000 Paul Murphy http://ftalphaville.ft.com/?p=1398322 No sooner had Italian stocks soared and bonds tightened (sic) on early exit polls suggesting Pier Luigi Bersani’s centre-left Democratic party might have secured victory in both the lower and upper houses of the Parlamento Italiano, than…

Continue reading: Stable Italy shocker hopes dashed!]]> http://ftalphaville.ft.com/2013/02/25/1398322/stable-italy-shocker-hopes-dashed/feed/ 0 Monte: oops http://ftalphaville.ft.com/2013/02/06/1375032/monte-oops/ http://ftalphaville.ft.com/2013/02/06/1375032/monte-oops/#comments Wed, 06 Feb 2013 21:46:39 +0000 Joseph Cotterill http://ftalphaville.ft.com/?p=1375032 World’s oldest bank puts out a late-night statement confirming “the presence of errors” in three structured transactions. Click for the full release… (it’s in Italian)

Continue reading: Monte: oops]]> http://ftalphaville.ft.com/2013/02/06/1375032/monte-oops/feed/ 0