Tuesday, March 30, 2010

Greece Bond Auctions ; Greece IMF; UK GDP comments

         UK GDP revision larger than anticipated - Gross domestic product rose 0.4 percent from the third quarter, compared with a previous calculation of 0.3 percent; the St was looking for the number to remain unchanged at 0.3% - Bloomberg

         Greek debt lags in Tues trading as people not thrilled w/demand in Mon's auction; Greece sold 5 billion euros of debt by syndicated sale on Monday, attracting around 7 billion euros of bids, compared with more than 16 billion euros for a benchmark 10-year bond earlier in the month.  German bund/Greek bond spread widens.  Reuters 

         Greece – the IMF said it would determine terms of aid in any Greek rescue; The International Monetary Fund would dictate terms of assistance it provides Greece, Managing Director Dominique Strauss-Kahn said – Bloomberg

         Greece said it will reopen on Tuesday a 20-year, 5.9 percent government bond via an extraordinary auction to raise up to 1.0 billion euros.  "This operation comes to address the technical dislocation of that point on the Greek government bond curve," the country's debt agency (PDAM) said.  Reuters 


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