Europe - ECB & BOE 01 (May 08 - Nov 11)

[kennynah]

sorry...no TLT thread..but found within "Bonds"

viewtopic.php?f=16&t=3257&p=110491#p110491

[iam802]

TLT can be found under 'i'... iShares Barclays 20+ Yrs Bonds (TLT)


viewtopic.php?f=56&t=3264&p=107676#p107676

[kennynah]

why is TLT filed under "Y" .... who could ever discover it ? hahaha...

imagine IBM filed under "D"

[winston]

It is filed under "i" for ishares because at that time, we wanted to group all the ishares ETF together.

[kennynah]

noted your intention... but it isn;t intuitive to me...

[kennynah]

BoE governor, mervyn king, announced on tues night that he expects UK inflation to hit 5% in 2011...

[winston]

ECB steps in for Portugal
Friday, February 11, 2011

The European Central Bank stepped in to buy Portuguese bonds yesterday, traders said, after yields on the country's debt hit euro-era highs on a perceived lack of progress towards resolving the bloc's year- long crisis.

Portuguese 10-year bond yields soared to 7.656 percent, topping the previous record set in November, as market patience over the lack of a deal on reforms to tackle the debt crisis wore thin.


http://thestandard.com.hk/news_detail.a ... 10211&fc=8

[winston]

ECB close to liquidity deal for troubled banks: source

FRANKFURT (Reuters) - The European Central Bank is putting the finishing touches on a new facility that will give troubled euro zone banks liquidity over a longer time frame, throwing a lifeline to Ireland's ailing banks.

A euro zone central banking source told Reuters on Saturday that the plan will initially be "tailor made for Irish banks" and was likely to be announced next week to dovetail with the results of fresh stress tests on the country's lenders.

"This will replace the ELA (Emergency Liquidity Assistance) that is currently being provided by the Irish central bank," the source said speaking on the condition of anonymity.

"It will probably be similar to the SMP (ECB bond buy programme) in the sense there will be no fixed time frame on it; if you had put a 5- or 10-year deadline on it these people may have been tempted to ignore the problem until the end date was approaching."

He added that although it would initially be tailored for Irish banks, it would subsequently be available euro zone wide.

It would be under the control of the ECB's Governing Council which would set the conditions attached to the loans on a case by case basis.

An EU-IMF bailout last year has failed to resolve Ireland's banking crisis and after an outflow of deposits and with other banks unwilling to lend to them, Irish lenders remain dependent on the central bank for their day-to-day operations.

The six domestic banks are estimated to have outstanding loans of around 150 billion euros (879 million pounds) from the ECB and Ireland's own central bank at the end of February. Around 70 billion euros was made available under the Irish central bank's ELA.

Ireland's new government, elected on a mandate to renegotiate the bailout, has been in talks with the ECB for weeks to try and secure medium-term funding for its banks and this facility should provide some comfort to the markets when the results of the stress tests are published on March 31.

The tests, agreed as part of the EU-IMF bailout, are expected to show that Bank of Ireland, Allied Irish Banks, Irish Life & Permanent and EBS Building Society will need around 25 billion euros, a Reuters survey of analysts showed.

The EU-IMF bailout set aside 35 billion euros for Ireland's banks.

The Irish Independent newspaper reported on Saturday that the stress tests would reveal a capital hole smaller than the 35 billion euros earmarked.

Without citing any sources, the newspaper said that Allied Irish Banks, which has been effectively nationalised by the state, may need more than 10 billion euros, Bank of Ireland would need under 5 billion euros while Irish Life & Permanent and EBS Building Society would need single billion sums.


Source: Reuters US Online Report Top News

[kennynah]

ECB raises rates by 25 basis points... to 1.25%

trichet : rate increase warranted due to upside risks to inflation

[winston]

Will they be raising rates in Europe tomorrow ?