FastSaying
The prospect now for any reform of Italy's public debt must be close to zero. I wouldn't want to hold Italian bonds until they get to a spread that acknowledges those risks, and they certainly don't at the moment.
Marc Ostwald
Debt
Reform
Related Quotes
We could get an IFO number above expectations, because data across the region is looking stronger. The market will be pretty pessimistic in that case, especially given the hawkish rhetoric we've had from the ECB.
— Marc Ostwald
Expectations
Will
Any surprises in the January CPI data from Bavaria and Brandenburg will clearly influence short-term rate expectations, with anything higher than expected likely to boost the euro.
— Marc Ostwald
Expectations
Influence
Surprises
On the upside, the $1.1760-70 area represents the initial target and additional resistance is seen in the $1.1800 area.
— Marc Ostwald
The result seemed to reflect a flight to quality in the light of what is happening in the stock market rather than a value judgement.
— Marc Ostwald
Quality
He might as well have just said 'we are going to raise rates by 25 basis points,
— Marc Ostwald