jonchait50's  Instablog

Send Message
Jon Chait is a retired CEO of Hudson Highland Group, Inc, a global recruitment and talent management company. He has held senior executive positions in global companies for the last 20 years. I have traded my own account for over 20 years. In a rapidly, perhaps foolishly, rising market, it is... More
My blog:
  • Horrific Italian bond auction today; Euro jitters remain 0 comments
    Dec 29, 2011 8:05 AM

    The Italian Treasury was unable to sell all bonds offered in today's auction.  The Treasury hoped to sell €8.5B of bonds, but could only sell a total of €7B across all maturities.  The yield on the €2.5B of 10yr bonds was 6.98%.  While the yield was lowered than last month's 7.56%, the result can only be considered horrific coming after the ECB's 3-yr liquidity facility of last week. 

    The Italian economy shrank 0.2% in Q3, and most economists expect that Q4, when announced, will also be negative, marking Italy's fourth recessions since 2001. 

    Negative for $FXE  and $SPY today.

Back To jonchait50'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


  • AGNC down sharply yesterday on no news....While divy has been reduced, the current $1.25 looks sustainable and better than comps
    Feb 17, 2012
  • NLY conference call was not enlightening on the reduction in leverage compared to AGNC's. What gives?
    Feb 17, 2012
  • Three regional banks still owe TARP money, ZION, RF & SNV. any ideas on dilution risk?
    Feb 4, 2012
More »
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.