Spreadex Market Update
09.11.12 Friday Morning
The problem is a combination of the trident-shaped fiscal cliff and eurozone instability, both of which have no regard for the likely destruction to ensue should the two possible events occur and coincide. As a result, Bonds have been in very popular demand, with 30-year money selling for less than 2.9% in yesterday’s auction.
European markets, however, are stable this morning, with the FTSE 100 opening largely unchanged. Utilities and consumer goods lead. Traders will continue to look for signs of nervousness and liquidity shocks given the shift in sentiment.
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