Rebounding Volatility & Sov Yields, Latest Premium Insights
As market emphasis shifts to US earnings, here are a few stats on the latest deterioration in the old continent; Spanish 10-yr yields +20% since LTRO-2 was announced on February 29; Italian 10-yr yields +8% since LTRO-2, and 19% since PSI deal on March 9. Spanish government bonds are now the latest victim of bond traders typical one-country assault amid speculation that Spain will be the 4th recipient of a Eurozone bailout. At a time of deepening recession, Spanish authorities have selected education and health sectors for 10 billion in budget cuts. In our LATEST PREMIUM INTERMARKET INSIGHTS, we chart EQUITY & FX VOLATILITIES vs SOVEREIGN YIELDS as well as the latest trades. Direct Access to todays Premium Insights is found here: http://ashraflaidi.com/products/sub01/access/?a=625 Non-subscribers, can go here: http://ashraflaidi.com/products/sub01/
Latest IMTs
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Trading USDJPY Post Intervention
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Fed can Hike next Week
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