Jan. 11 (Bloomberg) -- Richard McGuire, senior fixed-income strategist at Rabobank International, comments on the outlook for Portugal's planned auction of 10-year bonds tomorrow and the European Union's policy response to the region's debt crisis. He speaks with Maryam Nemazee on Bloomberg Television's "Countdown" in London.
With the current Japanese tragedy heightening risk aversion in the markets, there would be little chance that ECB will raise rates in the short run. Spain the least exposed to the debt problems in the PIGS category. At govt yield of 4.2%, they seem to be able to make it out of the crisis in whole.
ReplyDeleteEuropean outlook:Intrinsic Value