DislikedLast night and today we had the FED saying they would add liquidity in the form of swaps, the ECB has been busy all morning (see numerous of my posts here) the ECB is now lending money to the IMF, the spreads have been tightening all day. The only fly in the ointment is the occasional crap from Fitch today re Italy.
Even ze Germanz are talking about eurobunds now. They still don't like the ECB buying periphery though, guess funneling the money via the IMF means no more complaints from Berlin and no more need to desensitise the purchases, everybody...Ignored
No doubt you are a grumpy bastard, but no contribution?
Quant Hedge Fund CEO