This partially reverses the positive impact that the triggering of the CDS default will have on the European sovereign debt market.
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And Spain may be facing a bona fide secession crisis from Catalonia, which would likely mean a meltdown in the Spanish sovereign debt market.
Representatives from the Italian central bank and stock regulator Consob were set to hold discussions on "the sovereign debt market situation and implications for the banks and the economy".
As we have pointed out over the past year in our disclosures and quarterly calls, we have taken advantage of the dislocations in the European sovereign debt market by buying short dated debt in European peripherals and financing those securities to their exact maturity date.
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Analyst reaction to the debt sale converges on one point: The outcome tells us more about the mood in the sovereign-debt market than about Portugal itself.
While Asian investors consider the possibility of a US credit downgrade to an unlikely scenario of a default on US sovereign debt, market declines were relatively tepid early out.
With new countries being added to the European sovereign debt crisis, emerging market sovereign credit managers should consider it a fairly safe assumption that there will be more such credit crisis episodes in Europe until the final catharsis occurs, whatever that may be.
Sovereign emerging market debt, which is debt issued by governments.
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U. took some concrete steps to deal with its sovereign debt crisis and the market soared in response.
Corporate debt, usually those that are ranked a notch or more below investment grade, or investment grade emerging market sovereign debt.
European banks tied to the sovereign debt crisis are losing market value.
That is, Europe, through emergency, ad-hoc fiscal union, effectively removes its sovereign debt from the influence of market forces.
There is also a planned deterioration of sovereign debt risk as compared to market prices in early May, the Committee said.
The European sovereign-debt situation has many market watchers citing it as gold price-friendly, but there are several who said if Europe slips into recession and the U.S. growth is feeble, this could ultimately dent interest in gold because the metal will have lost the inflation-hedge aspect.
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The big story of the past six months isn't the debt itself but the market's disowning of European sovereign debt.
European sovereign debt, the still weak labor market, the U.S. federal deficit and potential legislative gridlock were the most commonly cited negative factors.
Consumer spending remains sluggish due to continued concerns over the outlook for job growth, recent declines in the stock market, the sovereign debt problems of European countries and the Gulf oil spill.
In general, they all say that if European policy makers will at least control the sovereign debt problem, and then the market will quickly focus its attention on the U.S. presidential elections.
Investors remain concerned about the economy, sovereign-debt issues and the potential for market volatility.
The country is likely to help create a more liquid Asian bond market and make China sovereign debt a new safe haven.
Concerns about the pace of economic growth, worries about European sovereign debt, frustration with Washington and volatile market conditions are combining to keep bearish sentiment at historically high levels.
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Meantime, the leaders in the European Union over the weekend scrambled and made pronouncements to try to calm the market place regarding its own sovereign debt crisis.
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Who is selling the most CDS protection on PIIGS sovereign debt, and are they sufficiently capitalized for current market risk conditions?
Investors will hope earnings data provide another source of optimism for a market still jittery over the European sovereign debt crisis.
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Lascelles says that the ongoing sovereign debt crisis in Europe means big risk for emerging market investors, including investors buying Chinese equities.
The European Union sovereign debt crisis is back on the front burner of the market place Tuesday.
While data has boosted hopes for a sustained bull market on the horizon, the European sovereign debt crisis continues to prevent stocks from gaining any sustained head of steam.
In addition, the company now faces market contraction in the wake of the sovereign debt situation in Europe, rising unemployment in the U.S., softness in consumer confidence and lower GDP expectations in many parts of the world.
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