From Zero Hedge:
Five months ago, when Italian yields were still tame in the 3% ballpark, and not 7% where they are today, we suggested that
based on trading patterns and overall volume in Goldman's dark pool,
Italy may be about to experience a "Greek episode." Days later we were
proven right as Italian yields and spreads started their relentless move
wider, with only those who had access to Sigma X being able to get an
advance whiff of what was about to happen. Well today we are happy to
report that the German diversion may have worked: the truth is that
nobody appears to care about Germany. Instead what everyone does seem
to care about, is the nation with the greatest combined debt
(government, corporate and household) to GDP in the world. Yup. The UK.
As a reminder:
And here is who is most active today:
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