We could be entering end-game territory in the coming months. News from the bond markets about Greece resembles bulletins about Alpine peaks rather than sovereign debt priced within reasonable parameters. Greek three-year bond yields jumped to over 22 percent this week. Such surreal yield levels are pricing in the restructuring option to take place in […]

Posted by Bastian Jens

For Portugal to request an international aid package that will include assistance from the International Monetary Fund, the political and central bank authorities in Lisbon will need to comply with certain prerequisites as a quid pro quo. The issue at hand is no longer Portugal actually requesting a bailout from the IMF, the European Union […]

Posted by Bastian Jens