Per yesterday's post, June eurodollars contineu to get whacked...
..and more worryingly, 10 year Treasuries are breaking the uptrend support line of the entire bull move.
3 month $ LIBOR set "only" 8 bps or higher, but the carnage continues in fixed income markets. There appears to be a modest, belated reaction from equities, though it is pretty small when the context of another crappy report from Merrill is considered.
Meanwhile, markets were treated to the following repartee:
EUROGROUP'S JUNCKER SAYS MARKETS DID NOT CORRECTLY UNDERSTAND G7 MESSAGE ON FX EUR/USD dumps on this.
Five minutes later, we get
WEBER - INFLATION OF 3.6 PCT IS WORRYING
and then
ECB'S BINI SMAGHI SAYS EASY FOR SOME NATIONS TO CRITICISE ECB BUT DISTRACTS FROM REAL PROBLEMS - TV
Uh, chaps.....I though you wanted to avoid sharp fluctuations in exchange rates?
..and more worryingly, 10 year Treasuries are breaking the uptrend support line of the entire bull move.
3 month $ LIBOR set "only" 8 bps or higher, but the carnage continues in fixed income markets. There appears to be a modest, belated reaction from equities, though it is pretty small when the context of another crappy report from Merrill is considered.
Meanwhile, markets were treated to the following repartee:
EUROGROUP'S JUNCKER SAYS MARKETS DID NOT CORRECTLY UNDERSTAND G7 MESSAGE ON FX EUR/USD dumps on this.
Five minutes later, we get
WEBER - INFLATION OF 3.6 PCT IS WORRYING
and then
ECB'S BINI SMAGHI SAYS EASY FOR SOME NATIONS TO CRITICISE ECB BUT DISTRACTS FROM REAL PROBLEMS - TV
Uh, chaps.....I though you wanted to avoid sharp fluctuations in exchange rates?
2 comments
Click here for commentsOk ok guys, I have to revise my view, Euribor mkt has big problems..
Replyi've just received a call from a BIG UK bank that's asking to me liquidity in open repo to finance their securities..
US LIBOR already indicating 5 wider tomorrow......
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