Greece dragging other peripherals weaker by 5-10 bps
Small bull steepening in swaps, 2s30s 1-1.5 steeper
Subject: The greece market is essentially shut. A new wave of stops-out
The greece market is essentially shut. A new wave of stops-out
getting triggered today in Greece. The tickets are all small
and electronic but all one way. The market is very illiquid
even in b/marks. In the HDAT the on the runs were quoted
in tiny at start of day now there is nothing – last looked like
GGB 4.3 03/12 (644.1bps vs core, +76.0)
GGB 6.1 08/15 (570.0bps vs core, +52.5)
GGB 6.25 6/20 (428.1bps vs core, +21.0)
GGB 4.6 09/40 (330.6bps vs core, +12.7)
the linker 2.3 30 is trading with 4points bid-offer now.
Copyright 2022 © Valance Co., Inc. All rights Reserved.