Government bond
Markets Part 2 of 3: Shaw Capital Management Newsletter
Shaw Capital Management Korea February Newsletter: Article two of three - Bond
markets in mainland Europe have also fallen back towards year-end.
There are signs of
a modest...
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Government bond
Markets Part 2 of 3: Shaw Capital Management Newsletter
Shaw Capital Management Korea February Newsletter: Article two of three - Bond
markets in mainland Europe have also fallen back towards year-end.
There are signs of
a modest improvement in the background economic situation in the euro-zone; and this
seems to be persuading the European Central Bank to withdraw some of the liquidity
measures that it introduced to counter the recession as part of a general tightening of
monetary policy that might soon include higher short-term interest rates.
Shaw Capital Management Korea February Newsletter: Article two of three - But a
more serious immediate consideration for the markets has been the decision by some
of the rating agencies to downgrade the credit rating of Greek government bonds, and
to warn that other periphery member countries of the euro-zone have been placed on
“credit watch” and might suffer the same fate.
Investors have responded by widening
the yield sprea
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