Risk Appetite Skids On Greece And China |
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April 16, 2011 |
April 2011 Bond Updates
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The euro remains under pressure at the end of a week in which the dollar has slumped broadly. Suggestions of a Greek debt restructuring on Thursday sent fear across European dealing desks only for the single currency to stage a miraculous rebound late in the day. On Friday the Greek government is busy sharpening its pencil and talking seriously about spending cuts instead of negotiating a haircut for bond holders. The negative tone to risk emanated earlier in the session after a rebound in Chinese growth was accompanied by fears over further remedial policy action from Beijing.
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View more at: http://blogs.forbes.com/greatspeculations/2011/04/15/risk-appetite-skids-on-greece-and-china/
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