Seeking Alpha

George Liu's  Instablog

George Liu
Send Message
George is currently a Managing Director at Lion Fund. He has written for Seeking Alpha, The Motley Fool, Investing.com, Psychology Today and his works have been featured on Seeking Alpha's Wall Street Breakfast, MSN Money, Yahoo! Finance, AOL DailyFinance, CNNMoney, CNBC, MarketWatch, TheStreet,... More
My company:
Lion Fund
  • Rajoy: "Ehh We're Good" 0 comments
    Sep 14, 2012 5:49 PM | about stocks: EWP, EPV, UPV, EUFX, EUO, ULE

    Spanish Prime Minister Mariano Rajoy remarked to Parliament today that it is not certain Spain will require assistance from the European Central Bank and the now-operational European Stability Mechanism. Ironically, this is due to the ECB's decision to fully accommodate a Spanish request for help by establishing the OMT. As noted by Harvander Sian, a fixed income strategist at Royal Bank of Scotland, "The recent rally has been very much based around a promise of support."

    THe uncertainty of Spain in its decision to pursue financial assistance or not from the ECB and ESM has in turn led its bond yields to soar today. The Spanish 2-year bonds are up 24 bps to 3.19% while the 10-year bonds are up 18 bps to 5.81%

    Themes: Spain, Economy, ECB, OMT Stocks: EWP, EPV, UPV, EUFX, EUO, ULE
Back To George Liu's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • $WAC down nearly 20% on EPS of $0.64 compared to analyst estimate of $0.67. Really?
    Mar 19, 2013
  • Why did FMER plunge 11.3% today on news of CRBC acquisition? In my opinion a pretty good deal.
    Sep 13, 2012
  • LULU cools down a little after soaring 13% on Friday on strong $0.39 EPS versus analyst estimates of $0.31
    Sep 10, 2012
More »

Latest Comments


Most Commented
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.