Spain
European bank spreads decline amid talk of recapitalisation plans
Risk perceptions on European banks fall as Merkel and Sarkozy agree to produce a recapitalisation plan within the month
Lloyds and RBS CDS spreads steady despite downgrade
The decision by Moody’s to downgrade Lloyds and RBS fails to spark surge in CDS spreads, while other European banks finish more or less unchanged on the week despite continuing woes in the eurozone
Deutsche Bank tops Risk interdealer rankings
Deutsche claims top spot for third year running, with JP Morgan a close second
Spanish gas market growth slowing, says OIES
Although Spain's gas market has grown faster than all other major Euorpean countries, it now faces a number of challenges, says the Oxford Institute for Energy Studies (OIES)
Short-selling bans spark confusion over index trades and extraterritoriality
Dealers say volumes have been light as market participants try to work out scope of bans – with confusion arising on index trades and the geographic reach of the rules
Protected banks welcome new European short-selling bans
Regulators need to protect markets from "rumours and false information" say bans' supporters
Certain high-yield bonds offer opportunity amid turmoil, says SWIP's Logan
Scottish Widows Investment Partnership's Steven Logan picks out certain high-yield debt, looks to launch new fund
Bond markets rally as ECB moves on Italian and Spanish debt
Yields on Italian and Spanish debt fall as European Central Bank signals it will implement its bond purchase programme
Global economic growth concerns outweigh Greek default and Spain/Italy bail-out fears: Risk poll
Risk.net poll supports IIF deputy managing director Hung Tran's view that global economic recession stands head and shoulders above fears of Greek default and Italy/Spain bail-out
Hung Tran: 21% NPV reduction was a "reasonable assumption"
Everyone has a shared interest in the success of the Greek bailout because "the alternative is so much worse for everyone", says IIF deputy managing director
Barroso calls on eurozone to speed up completion of EFSF legislation
EC president calls for urgent action on bailout mechanism, but analyst says it could be months before the EFSF is legally allowed to purchase government bonds on the secondary market
EBA stress test results shed light on sovereign derivatives exposures
European bank sovereign derivatives exposures revealed
Sovereign volatility puts Basel III CVA charge in spotlight
Basel III feedback loop between CDS spreads and CVA capital requirements worries dealers, following month of huge sovereign spread moves
Read and Causer bet on Spanish and Italian bonds
Opportunities exist thanks to volatility, the Invesco managers say. However, M&G's Woolnough disagrees and remains bearish
Italian CDS spreads endure wild ride
Morgan Stanley strategist urges decisive policy response
Portugal CDS spreads widen 22% following downgrade to junk
Downgrade triggers spread widening across the eurozone, including 10% leaps for France and Germany
Merged Spanish savings banks expected to have greater appetite for structured products
Consolidation among Spanish savings banks has temporarily stalled structured products distribution, but many believe larger distribution channels will eventually result from the mergers
Spanish government debt issuance competing with structured products, say providers
Spanish regional government bonds aimed at retail investors are causing concern among some structured products providers
Risk Espana rankings 2011
No fiesta
Investor jitters over Spain affect performance of BBVA five-year bond
Deals in Focus: BBVA
Greece will default, panellists say
Panellists at the Fathom Consulting Monetary Policy Forum say Greece will likely default on its debt
Standard & Poor's changes US outlook to negative
Ratings agency cites growing deficit and debt as rationale behind the change
The Lehman Brothers aftermath rolls on
The Lehman caseload
Spain: where to next after the deposit wars?
After the deposit wars