p**8
发帖数: 3883 | 1 如果欧元大跌。。。大捞
如果欧元大涨。。。大空
挣钱机会又来了。
Greece Creditors Must Give 0 billion to Bailout
BRUSSELS—Euro-zone governments have reached a tentative deal on a new
financing package for Greece that will seek roughly 0 billion in
contributions from the country's private-sector creditors, senior euro-zone
officials said Saturday.
The 17 euro-zone governments will ask Greece's creditors to exchange their
soon-to-mature debt for debt with a longer maturity, a process that could
begin as early as July after finance ministers approve the new Greek aid
package at their meeting June 20, officials said.
The governments will give Greece new lending, to be provided by the European
Financial Stability Facility, the euro zone's sovereign rescue fund,
officials said. But that financing will likely come with the condition that
the banks, pensions funds and other investors holding Greek bonds agree to
exchange them for new bonds with a longer maturity to help fill Greece's
financing gap over the next three years, they said.
"Private investors would have a strong incentive to participate, because if
they don't, there will be a default," said one official.
Officials say the new financing being discussed for Greece also will be
contingent on Greece undertaking additional measures, such as passing new
budget cuts and pursuing 0 billion in state-owned asset sales.
When euro-zone governments and the International Monetary Fund agreed to
provide 10 billion in loans to Greece in May 2010, they expected that
Greece would be able to raise long-term funding from financial markets again
in 2012. But with yields on ten-year Greek debt over 15% and its debt still
mounting, that option has been ruled out.
The EU and the IMF in February estimated that Greece would need 4 billion
in long-term financing from the start of 2012 through the first half of 2013
. The officials wouldn't discuss how much new financing could be provided by
the rescue fund and the IMF in addition to the 0 billion they are
expecting from Greece's private creditors.
The governments are also looking to the European Central Bank to encourage
the exchange offer by accepting the new Greek bonds as collateral for
lending while refusing to accept the old ones, the officials said.
The ECB has opposed more coercive measures aimed at getting Greece's private
-creditors to continue providing financing for the country starting in 2012.
But the debt-exchange process envisioned by the governments won't rewrite
existing bond contracts or trigger a credit event, the officials said,
partly easing the ECB's concerns that private creditors are being forced to
contribute financing.
"If all the governments agree, it will be difficult for the ECB not to go
along," one official said.
The new bonds are unlikely to receive collateral or preferred status, the
officials said. The maturity of the new bonds is still to be decided, though
officials say it will probably be somewhere between 3.5 and 7 years.
The coupon on the new bonds is also still under discussion, but one official
said it would be close to the rate charged by euro-zone governments for
financing from the rescue fund.
Standard & Poor's Friday said in a report that for issuers rated at Greece's
level, single-B, a "voluntary" debt exchange would likely be default if
creditors received securities with terms less favorable than are available
in the secondary market. With 10-year Greek debt yielding 15% in the
secondary market and two-year debt yielding over 20%, that is almost certain
to be the case under the exchange process planned by euro-zone governments.
Officials say that they are willing to accept a downgrade of Greece by the
credit-rating agencies due to the exchange offer—so long as a "credit event
" that would require payouts to holders of Greek credit-default swaps isn't
triggered.
The exchange offer will be targeted at all Greek bond holders, not just
Greek banks, one official said.
"You'd need to focus on Greek and non-Greek creditors," he said. "It's
unfair if you don't, and [otherwise] it's also probably impossible to
administer the program."
The "troika" of the European Commission, the ECB and the IMF on Friday
finished their fourth review of Greece's implementation of the adjustment
program.
They indicated that Greece would receive the next slice of bailout financing
in July, despite failing to meet some of the fiscal targets set last year
under the program. | a**1
发帖数: 213 | | w*****g
发帖数: 1415 | | s****l
发帖数: 10462 | 4 lao or kong us stocks or euro?
zone
【在 p**8 的大作中提到】
: 如果欧元大跌。。。大捞
: 如果欧元大涨。。。大空
: 挣钱机会又来了。
: Greece Creditors Must Give 0 billion to Bailout
: BRUSSELS—Euro-zone governments have reached a tentative deal on a new
: financing package for Greece that will seek roughly 0 billion in
: contributions from the country's private-sector creditors, senior euro-zone
: officials said Saturday.
: The 17 euro-zone governments will ask Greece's creditors to exchange their
: soon-to-mature debt for debt with a longer maturity, a process that could
| p**8
发帖数: 3883 | 5 No.
【在 w*****g 的大作中提到】
: default
| p**8
发帖数: 3883 | 6 Euro, OIL and US stock are in same direction.
you can do anything you like.
【在 s****l 的大作中提到】
: lao or kong us stocks or euro?
:
: zone
| w*******o
发帖数: 6125 | 7 Not in all the case, like yesterday,
EUR go up huge, but stock plunge.
【在 p**8 的大作中提到】
: Euro, OIL and US stock are in same direction.
: you can do anything you like.
| p**8
发帖数: 3883 | 8 I am talking about next week.
at least monday, Euro, OIL and US stock should be in same direction
【在 w*******o 的大作中提到】
: Not in all the case, like yesterday,
: EUR go up huge, but stock plunge.
| p*********w
发帖数: 23432 | 9 好啊
zone
【在 p**8 的大作中提到】
: 如果欧元大跌。。。大捞
: 如果欧元大涨。。。大空
: 挣钱机会又来了。
: Greece Creditors Must Give 0 billion to Bailout
: BRUSSELS—Euro-zone governments have reached a tentative deal on a new
: financing package for Greece that will seek roughly 0 billion in
: contributions from the country's private-sector creditors, senior euro-zone
: officials said Saturday.
: The 17 euro-zone governments will ask Greece's creditors to exchange their
: soon-to-mature debt for debt with a longer maturity, a process that could
| p**8
发帖数: 3883 | 10 下周石油很可能跌。。股市也跌？
zone
【在 p**8 的大作中提到】
: 如果欧元大跌。。。大捞
: 如果欧元大涨。。。大空
: 挣钱机会又来了。
: Greece Creditors Must Give 0 billion to Bailout
: BRUSSELS—Euro-zone governments have reached a tentative deal on a new
: financing package for Greece that will seek roughly 0 billion in
: contributions from the country's private-sector creditors, senior euro-zone
: officials said Saturday.
: The 17 euro-zone governments will ask Greece's creditors to exchange their
: soon-to-mature debt for debt with a longer maturity, a process that could
| | | t*****n
发帖数: 134 | | w*******o
发帖数: 6125 | 12 这个还真的未必，往开一点看,市场每个阶段的驱动力是不一样的，
比如利比亚动乱的时候石油和股票就是差不多tick by tick reverse,
日本地震的时候USDJPY就是指路明灯，一举一动都影响全身，
前段时间闹欧债的时候是股票跟欧元tick by tick movement,
6月以来又不是了，证明注意力已经转移，现在最关键的
我觉得是看Yield和CDS，特别是NA.IG。
还是那句话，要理解市场的结构问题。
【在 p**8 的大作中提到】
: 下周石油很可能跌。。股市也跌？
:
: zone
| p**8
发帖数: 3883 | 13 我只做油，现在看来下周石油跌的可能性超过65%。
昨天还好在尾盘空了一些石油. | p**8
发帖数: 3883 | 14 covered OIL short position.
【在 p**8 的大作中提到】
: 我只做油，现在看来下周石油跌的可能性超过65%。
: 昨天还好在尾盘空了一些石油.
| p**8
发帖数: 3883 | | p**8
发帖数: 3883 | 16 和预想的一样，Euro, OIL and US stock 同时跌。
【在 p**8 的大作中提到】
: 做多了。
| p**8
发帖数: 3883 | 17 又挣钱了.
【在 p**8 的大作中提到】
: 做多了。
|
|
