{"id":11486,"date":"2010-05-11T13:30:12","date_gmt":"2010-05-11T11:30:12","guid":{"rendered":"http:\/\/www.pauljorion.com\/blog\/?p=11486"},"modified":"2013-01-02T18:02:42","modified_gmt":"2013-01-02T17:02:42","slug":"quel-temps-fait-il","status":"publish","type":"post","link":"https:\/\/www.pauljorion.com\/blog\/2010\/05\/11\/quel-temps-fait-il\/","title":{"rendered":"Quel temps fait-il ?"},"content":{"rendered":"<blockquote><p><strong>Ce texte est un \u00ab article presslib\u2019 \u00bb (*) <\/strong><\/p><\/blockquote>\n<p>Et quel temps va-t-il faire ? Eh bien, consultons le barom\u00e8tre !<\/p>\n<p>Gr\u00e8ce 2 ans : le 6 mai <strong>14,906<\/strong> % \u2013 hier <strong>7,532<\/strong> %<\/p>\n<p>Portugal 2 ans : le 6 mai <strong>5,509<\/strong> % \u2013 hier <strong>2,951<\/strong> %<\/p>\n<p>Espagne 2 ans : le 6 mai <strong>2,61<\/strong> % \u2013 hier <strong>1,938<\/strong> %<\/p>\n<p>Bon, touchons du bois, si \u00e7a reste comme cela, on peut dire que la situation s\u2019arrange.<\/p>\n<p><strong><a href=\"http:\/\/www.bloomberg.com\/apps\/cbuilder?ticker1=GGGB2YR:IND\">Taux grec 2 ans<\/a><\/strong><\/p>\n<p><a href=\"http:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/Grece-2Y-11.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/Grece-2Y-11.jpg\" alt=\"\" title=\"Grece 2Y - 11\" width=\"806\" height=\"480\" class=\"alignnone size-full wp-image-11489\" srcset=\"https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/Grece-2Y-11.jpg 806w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/Grece-2Y-11-300x178.jpg 300w\" sizes=\"auto, (max-width: 806px) 100vw, 806px\" \/><\/a><\/p>\n<p>\u00a9 Bloomberg<\/p>\n<p><strong><a href=\"http:\/\/www.bloomberg.com\/apps\/cbuilder?ticker1=GSPT2YR:IND\">Taux portugais 2 ans<\/a><\/strong><\/p>\n<p><a href=\"http:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/Portugal-2Y-11.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/Portugal-2Y-11.jpg\" alt=\"\" title=\"Portugal 2Y - 11\" width=\"807\" height=\"480\" class=\"alignnone size-full wp-image-11490\" srcset=\"https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/Portugal-2Y-11.jpg 807w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/Portugal-2Y-11-300x178.jpg 300w\" sizes=\"auto, (max-width: 807px) 100vw, 807px\" \/><\/a><\/p>\n<p>\u00a9 Bloomberg<\/p>\n<p><strong><a href=\"http:\/\/www.bloomberg.com\/apps\/cbuilder?ticker1=GSPG2YR:IND\">Taux espagnol 2 ans<\/a> <\/strong><\/p>\n<p><a href=\"http:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/Espagne-2Y-11.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/Espagne-2Y-11.jpg\" alt=\"\" title=\"Espagne 2Y - 11\" width=\"806\" height=\"480\" class=\"alignnone size-full wp-image-11487\" srcset=\"https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/Espagne-2Y-11.jpg 806w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/Espagne-2Y-11-300x178.jpg 300w\" sizes=\"auto, (max-width: 806px) 100vw, 806px\" \/><\/a><\/p>\n<p>\u00a9 Bloomberg<\/p>\n<p>Passons \u00e0 autre chose : le VIX. La volatilit\u00e9 des options sur l\u2019indice boursier am\u00e9ricain S&#038;P 500, un bon thermom\u00e8tre de la nervosit\u00e9 des march\u00e9s. Un peu calm\u00e9 lui aussi. <\/p>\n<p><strong><a href=\"http:\/\/www.bloomberg.com\/apps\/cbuilder?ticker1=VIX:IND\">VIX<\/a> <\/strong><\/p>\n<p><a href=\"http:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/VIX-11-Mai.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/VIX-11-Mai.jpg\" alt=\"\" title=\"VIX 11-Mai\" width=\"806\" height=\"480\" class=\"alignnone size-full wp-image-11492\" srcset=\"https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/VIX-11-Mai.jpg 806w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/VIX-11-Mai-300x178.jpg 300w\" sizes=\"auto, (max-width: 806px) 100vw, 806px\" \/><\/a><\/p>\n<p>\u00a9 Bloomberg<\/p>\n<p>Passons au TED. Qu\u2019est-ce que le TED? C\u2019est le <i>Treasury-Bill \u2013 Euro Dollar<\/i> : la diff\u00e9rence entre le taux qui s\u2019applique aux bons du Tr\u00e9sor am\u00e9ricains \u00e0 trois mois et le taux que les banques exigent l\u2019une de l\u2019autre pour un pr\u00eat \u00e0 trois mois. C\u2019est le barom\u00e8tre de la \u00ab confiance \u00bb qui r\u00e8gne entre elles : moins elles se font confiance, plus grande est la prime de risque qu\u2019elles incluent dans le taux d\u2019int\u00e9r\u00eat qu\u2019elles exigent l\u2019une de l\u2019autre.   <\/p>\n<p>A\u00efe ! le TED \u00e9tait mont\u00e9 en fl\u00e8che la semaine derni\u00e8re, il a fl\u00e9chi un petit peu hier, mais la \u00ab confiance \u00bb n\u2019est manifestement pas encore au rendez-vous.<\/p>\n<p><strong><a href=\"http:\/\/www.bloomberg.com\/apps\/cbuilder?ticker1=.TEDSP:IND\">TED<\/a> <\/strong><\/p>\n<p><a href=\"http:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/TED-11-Mai.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/TED-11-Mai.jpg\" alt=\"\" title=\"TED 11 Mai\" width=\"815\" height=\"476\" class=\"alignnone size-full wp-image-11491\" srcset=\"https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/TED-11-Mai.jpg 815w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/TED-11-Mai-300x175.jpg 300w\" sizes=\"auto, (max-width: 815px) 100vw, 815px\" \/><\/a><\/p>\n<p>\u00a9 Bloomberg<\/p>\n<p>Enfin, l\u2019euro, puisque c\u2019est quand m\u00eame lui qu\u2019il s\u2019agissait de sauver avant-hier dimanche. On va s\u2019int\u00e9resser \u00e0 la matin\u00e9e qui s\u2019ach\u00e8ve, \u00e0 la mi-s\u00e9ance comme on dit. Dix jours sont repr\u00e9sent\u00e9s sur le graphique.<\/p>\n<p>Ouille ! S\u00e9v\u00e8re rechute ! Le pic \u00e0 1,309 dollar pour un euro a \u00e9t\u00e9 atteint hier dans la matin\u00e9e (l\u2019\u00ab euphorie \u00bb, comme on disait alors), on est retomb\u00e9 \u00e0 1,269, soit une baisse de 3%. <\/p>\n<p>Tout cela n\u2019aurait donc servi \u00e0 rien pour l\u2019euro lui-m\u00eame ? Il va malheureusement falloir inventer autre chose. Mais quoi ?<\/p>\n<p><strong><a href=\"http:\/\/online.wsj.com\/mdc\/public\/npage\/2_3051.html?mod=mdc_h_dtabnk&#038;symb=CUR_EURUSD&#038;sQuote=1\">\u20ac vs. US$<\/a> <\/strong><\/p>\n<p><a href=\"http:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/euro-11-Mai.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/euro-11-Mai.jpg\" alt=\"\" title=\"euro 11 Mai\" width=\"775\" height=\"330\" class=\"alignnone size-full wp-image-11488\" srcset=\"https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/euro-11-Mai.jpg 775w, https:\/\/www.pauljorion.com\/blog\/wp-content\/uploads\/euro-11-Mai-300x127.jpg 300w\" sizes=\"auto, (max-width: 775px) 100vw, 775px\" \/><\/a><\/p>\n<p>\u00a9 Dow Jones<\/p>\n<blockquote><p><strong>(*) Un \u00ab article presslib\u2019 \u00bb est libre de reproduction en tout ou en partie \u00e0 condition que le pr\u00e9sent alin\u00e9a soit reproduit \u00e0 sa suite. Paul Jorion est un \u00ab journaliste presslib\u2019 \u00bb qui vit exclusivement de ses droits d\u2019auteurs et de vos contributions. Il pourra continuer d\u2019\u00e9crire comme il le fait aujourd\u2019hui tant que vous l\u2019y aiderez. Votre soutien peut s\u2019exprimer <a href=\"http:\/\/www.pauljorion.com\/blog\/?page_id=647\">ici<\/a>.<\/strong><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<blockquote>\n<p><strong>Ce texte est un \u00ab article presslib\u2019 \u00bb (*) <\/strong><\/p>\n<\/blockquote>\n<p>Et quel temps va-t-il faire ? Eh bien, consultons le barom\u00e8tre !<\/p>\n<p>Gr\u00e8ce 2 ans : le 6 mai <strong>14,906<\/strong> % \u2013 hier <strong>7,532<\/strong> %<\/p>\n<p>Portugal 2 ans : le 6 mai <strong>5,509<\/strong> % \u2013 hier <strong>2,951<\/strong> %<\/p>\n<p>Espagne 2 ans : le 6 mai [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[1,18,21],"tags":[75,329,160,264,550,549,243],"class_list":["post-11486","post","type-post","status-publish","format-standard","hentry","category-economie","category-monde-financier","category-monnaie","tag-espagne","tag-euro","tag-grece","tag-portugal","tag-ted","tag-vix","tag-zone-euro"],"_links":{"self":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/11486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/comments?post=11486"}],"version-history":[{"count":11,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/11486\/revisions"}],"predecessor-version":[{"id":11501,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/11486\/revisions\/11501"}],"wp:attachment":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/media?parent=11486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/categories?post=11486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/tags?post=11486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}