Euro Spreads Decline
Bespoke Investment Group
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Wed, Apr 17
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Euro Spreads Widen OutBespoke Investment Group • Tue, Feb 26
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Yet Another Reason The Euro Project Does Not WorkFelix Pinhasov • Thu, Mar 8, 2012 -
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Italy Stock, Bond ETFs In Focus On S&P Ratings DowngradeJohn Spence • Tue, Sep 20, 2011 -
Italian Bond ETFs Reverse LossesTom Lydon • Thu, Aug 18, 2011
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Euro Spreads DeclineBespoke Investment Group • Wed, Apr 17
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Euro Spreads Widen OutBespoke Investment Group • Tue, Feb 26
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Yet Another Reason The Euro Project Does Not WorkFelix Pinhasov • Thu, Mar 8, 2012
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There are no Transcripts on ITLT.
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at MarketWatch.com (Sep 6, 2012)
ITLT vs. ETF Alternatives
ITLT Description
The PowerShares DB 3x Italian Treasury Bond Futures Exchange Traded Notes (Symbol: ITLT) (collectively, the "PowerShares DB BTP Futures ETNs," or the "ETNs") are the first exchange-traded products to provide investors with leveraged or unleveraged exposure to the U.S. dollar value of the returns of an Italian bond futures index.
See more details on sponsor's website
See more details on sponsor's website
Country: Italy
Key Info
- In Your Portfolio: A Guide to International and Emerging Market Government Bond ETFs
- Asset Class Performance: Bonds, Countries
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Sunday, May 12, 6:42 PM Italy is no longer "master of its own destiny," says George Soros, referring to what he believes is the country's perpetual dependence on coordinated action from its EU partners and the ECB. Speaking to an audience in northern Italy, Soros predicted the respite Italy has seen in terms of borrowing costs (ITLY) and spreads to German bunds "will not last long [as] the situation is far from being in balance." Last week, Italy auctioned 12-month bills at a euro-era record low yield. 1 Comment [Global & FX]
- Friday, May 10, 6:23 AM How quickly things change. Italian bonds (ITLY), which less than a year ago were pricing in the apocalypse, are now perceived as safer than they have ever been , as Italy sells €7B in 12-month bills at an average yield of 0.703%, the lowest since the country's adoption of the euro. (Also: Spain's borrowing costs fall) 1 Comment
- Friday, May 3, 5:28 AM Yields on eurozone sovereign debt fall across the board in the wake of the ECB's rate cut as investors react to Mario Draghi's perceived willingness to cut the deposit rate below zero, something policymaker Ewald Nowotny dismissed as not a near-term option. Yields on French, Austrian, and Belgian bonds hit record lows as spreads against safe haven German bunds (BUND) compress in Italy and Spain. Comment! [Global & FX]
- Monday, April 29, 6:25 AM Italy's borrowing costs fall at auction as the country raises €3B in 10-year bonds and €3B in five-year paper. Yields were 3.9% on the 10 and 2.84% on the five. The country's new economic minister has promised to drive down the yields on the country's debt (ITLY). Comment! [Global & FX]
- Sunday, April 28, 3:54 AM Italy has a new government after Prime Minister-designate Enrico Letta of the left-leaning Democratic Party (PD) forged a coalition agreement with Silvio Berlusconi's right-of-center Freedom party (PDL). The uncertainty had roiled markets at various points since elections in February, so it's worth watching EWI, ITLT and ITLY. The government includes Bank of Italy director general Fabrizio Saccomanni, who is close to ECB Governor Mario Draghi. 1 Comment [Global & FX, Top Stories]
- Tuesday, April 23, 6:12 AM Italian 10-year bond yields fall 11 bps to 3.98%, dropping below 4% for the first time since November 2010. The decline in yields comes as European stock markets rise amid an improvement in some eurozone PMI data, although the picture is still grim. FTSE Mib +0.9%. Comment! [Global & FX, Top Stories, On the Move]
- Wednesday, April 17, 8:56 AM Following a nearly 3-week period in which DB halted creations for 26 ETNs on which it's the indexer, the bank finally resumed creations on the notes yesterday. The affected notes follow: BDD, BDG, BOM, BOS, BUNL, BUNT, DEFL, DGP, DGZ, DOD, DTO, DZZ, INFL, ITLT, ITLY, JGBD, JGBL, JGBS, JGBT, LBND, OLO, SBND, SZO, UDNT, UUPT, WMW. 1 Comment
- Monday, April 15, 4:24 PM The Italian government's decision to repay €40B in arrears of the more than €100B owed to its corporate sector may help revitalize the economy, but it will also mean raising the amount of debt the country's Treasury will have to issue in 2013 by €20B. The good news: demand was strong for a new retail bond issue aimed at tapping "household savings," as Italy raised €9B Monday. Comment! [Global & FX]
- Wednesday, April 10, 10:39 AM What austerity? Italy says its debt to GDP ratio will hit a record 130.4% this year and at 129% will be nearly 6 percent higher in 2014 than previously forecast. The debt hikes partly reflect a €40 payment to the country's private sector aimed at partially settling a near €100B outstanding balance owed to private companies by the government. 3 Comments [Global & FX]
- Friday, April 5, 4:56 PM Bridgewater is concerned about Italy. In a letter titled "Could Italy Blow Up The Euro?," the world's largest hedge fund notes that "economic conditions in Italy are as depressed as they've been since the end of WWII," a situation which has invariably led to a "pretty chaotic" political situation. Perhaps most importantly, Italian bank CDS spreads are rising, bad news since "the sovereign is pretty reliant on those banks to buy [government] bonds." Remember: Draghi has "no plan B." 1 Comment [Global & FX]
- Sunday, March 31, 3:21 AM Mario Monti will continue as Italy's caretaker Prime Minister until a new government is formed, President Giorgio Napolitano said yesterday. Napolitano will also appoint two committees that will formulate plans for institutional, social and economic reforms that would receive backing from all sides in parliament. Napolitano won't resign ahead of the end of his term in May even though this would facilitate the calling of new elections. 1 Comment [Global & FX, Top Stories]
- Friday, March 29, 7:02 AM Pier Luigi Bersani, the head of Italy's center-left Democratic Party, has handed the intractable problem of forming a government back to President Giorgio Napolitano, whose options seem fairly limited. Napolitano could try to cajole a coalition into being or appoint another technocrat government, although his chances of success appear to be slim. The uncertainty has helped unnerve markets this week. 1 Comment [Global & FX, Top Stories]
- Monday, March 18, 4:53 AM As in Asia, shares in Europe slump on the proposed raid on bank deposits in Cyprus, while bond yields in Spain and Italy rise sharply. EU Stoxx 50 -1.7%, London -1%, Paris -1.3%, Frankfurt -1.3%, Milan -2.45%, Madrid -2.3%. Italy's 10-year yields +0.1 bps at 4.71%, Spain's +0.13 bps at 5.06%. Comment! [Global & FX, Top Stories, On the Move]
- Monday, March 18, 4:01 AM DB announces a halt in new creations on 26 ETNs it is the indexer or issuer on (effective 3/29), meaning the potential for the notes to trade at significant premiums to NAV as redemptions will still be available. DB expects to resume creations by mid-April. The affected notes follow: BDD, BDG, BOM, BOS, BUNL, BUNT, DEFL, DGP, DGZ, DOD, DTO, DZZ, INFL, ITLT, ITLY, JGBD, JGBL, JGBS, JGBT, LBND, OLO, SBND, SZO, UDNT, UUPT, WMW. 2 Comments
- Friday, March 8, 5:04 AM Nouriel Roubini warns that Italy's political paralysis poses a "tsunami" risk, saying that he expects new elections within six months. "In this time the economy will get worse given the political uncertainty, (with) less investment, less job hiring and less consumption," Dr. Doom predicts. He also forecasts a possible clash with Germany and the ECB that could lead to Italy threatening to withdraw from the euro. 4 Comments [Global & FX]
- Wednesday, March 6, 5:37 AM Italian President Giorgio Napolitano is thinking about appointing a technocrat government if center-left leader Pier Luigi Bersani is unable to for a coalition, which looks likely. The problem is that the newly powerful 5-Star Movement says it won't support such a technocrat administration. Investors watch on nervously, although the post-election market turmoil has calmed down somewhat, and 10-year bond yields are -9 bps at 4.64% today. Comment! [Global & FX]
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Furbonacci
anyone have any good vehicles to short socialist bonds? i like the looks of ITLT but it seems too illiquid. - View all 1 replies
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Furbonacci: thanks but i dont want to actually buy a leveraged etf. id rather short a long one. do you know of any european long bond funds? thanks
LATEST REPLIES
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Furbonacci
anyone have any good vehicles to short socialist bonds? i like the looks of ITLT but it seems too illiquid. - View all 1 replies
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Furbonacci: thanks but i dont want to actually buy a leveraged etf. id rather short a long one. do you know of any european long bond funds? thanks