Unexpectedly (for me) the US market is underperforming while the biggest news today was the Spanish 10Y hitting a 3 year low. The European equities also behave a bit better than the broader market so it seems like the market is pricing a greater European recovery.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s