One thing we haven't be short of this year is volatility, and the year has ended with plenty of it. As European uncertainties continue the Euro had dropped below 1.30s, Bund heading up towards the highs, and Stocks chopping back and forth and not really going anywhere.
The three year Long term refinancing Op yesterday created much greater demand then anticipated and this eventually lead to a sell of as the level of demand was troubling investors.
Below is today video update, with a look at the movements in Bund and Ftse as well as Euribor Spreads.
This will be my last post for the year, so have a merry Xmas and a Happy New Year
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