Gary Jenkins

  • Spain, Cyprus Downgraded

    By Marlene Y. Satter, AdvisorOne  |  June 14, 2012

    Moody's cut the ratings of Spain and Cyprus on Wednesday. Bond yields topped 7% for Spain, and in Italy’s first bond sale since Spain’s bailout yields surged.

  • Big Banks Join Greek Debt Swap

    By Marlene Y. Satter, AdvisorOne  |  March 7, 2012

    By Thursday Greece must win over the rest of the participants to exchange new bonds for old, or it will invoke collective action clauses to compel additional bondholders to participate. The target is to reduce the country’s privately held debt of 206 billion euros ($270 billion) by 53.5%.

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