Lack Of Greek Compromise Sparks More Risk Aversion |
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May 23, 2011 |
May 2011 Bond Updates
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Treasury notes have had a big week and performed the task of 10 men in leading the lurch lower in global yields, finding modest additional support on Friday in a surging dollar index. The yield curve dipped Wednesday to its lowest this year set against a hint that the Fed is still nowhere near reaching for the door handle at the exit despite discussing the steps it now intends to make the journey. Rising tensions across the Atlantic and a downbeat outlook from the Bundesbank helped European bond markets advance to their best levels of the week. The foaming data and cooling-off in commodities has impacted a variety of key generic spreads by the weekend.
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View more at: http://blogs.forbes.com/greatspeculations/2011/05/20/lack-greek-compromise-sparks-more-risk-aversion/
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