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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
tp at 3676/3700
tired of messing with it...
I thought DJA is going to go up and therefore Euro up.
What is your assessment for Euro
The spread between 10-year French bonds FR:10YR_FRA -2.52% and German bunds DE:10YR_GER -4.70% widened 2.7 basis points to 95.3 basis points, its widest level since 1995, according to electronic trading platform Tradeweb.
remember the sudden decline of this spread triggered rally in stocks and EURx. But this decline of spread was according to Deutsche bank researc a fire sale of USD by French banks
being underwater with Greek bonds. Thus longer term EUR short USD long.