Yeah interesting.
Sovereign debt has been easy to hold on banks balance because the ECB says its risk free (low margin requirement).
Germany may actually just want more capital required backing the instrument.
Don't forget a technical default may hurt the US as much, because a lot of the swap risk(hedge) is in the US.
If true and the paper blows up, the hedge needs to work. Time to pay..
Rgds.
yes, that was because ECB was guanrantor, and imf not a squeek, since the manhood thingy.now the funder is being challenged.
by defqault the rates will hike, by the yield curves.
and the rates contango is getting very steep.
market wanted see some goodwill today.
onward would be too little too late.
she had already factored in.
but tri is smart, he said soon.
so you not see acomplete selloff yet.
everyone's expecting greece come to the market.
there's not much goodwill except that panda's already wet.
so eye ball that bear. unfortunately she no play by norm rules, so i think is a wildcard.
Whatever the bias, best just flow.
regards
this the only good fig he had achieved to date.
). 
