We had worse then expected GDP, and a declaration of GM bankruptcy, and another Government investment of over 40 billion, but despite all of this we spiked over 100 points in the DOW in the last 30 mins of trading Friday, which has propelled European stocks this morning. It is weird to see but everything is up, Stocks, Bunds, Bobl, Schatz, infact everything along the curve. Not something you normally see, but then again this isn't a normal market. This week is a very important week, with rate decisions from the UK and EU, as well as US jobs data on Friday.
On the Euribor front, spreads have seemed to stabilise, dont know for how long but hopefully it will make trading this week a little bit easier.
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