Friday, 13 January 2012

Bunds near highs

As the European problems persist, Bunds are making a run for 140! We reached a high of 139.75 after the Italian auction which was an all time high for the Bund, as investors are in essence paying the German government to keep there money.
Stocks look to be heading for a slightly lower open as an inline earning from JP Morgan who historically tend to beat expectations will put pressure for the rest of the day.
More analysis on Monday.

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