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Curr CTD yield is smth like 2.37. JL98 (the comparable JGB, Sep 2027 maturity) yields 1.48, so that's smth like 90bps. If my arithmetic is correct, that's worth arnd 15 points.

From the run I got this morning: 5yr Ggb Pts 66 / 71 +0 Port 1075 / 1145 +0 Ireland 725 / 765 +13 Spain 402 / 422 -7 Italy 528 / 558 +0 Belg 325 / 345 +14 France 227 / 241 +6 Aust 193...

That's absolutely the wrong question...

Hmmm, dunno, it looks wrong... I can't find the semi-official Markit close on the web, but all the runs I got on Friday had roughly the same levels of arnd 70 pts.

Nah, that's way too high... It closed arnd 70 (that's in pts), so 7,000 bps.

That's incorrect... PIIGS actually rallied quite a bit on Friday.

This is actually happening in parallel to the crisis summits. So there's two distinct sets of headlines. Like I said (and to quote a famous song), I, for one, have become comfortably numb.

Spot fx isn't regulated, so you're not covered where actual trades are concerned. The free cash in your account is covered by the FSCS (the EEA equivalent applies to EU entities, although the amounts covered are significantly smaller, last I checked).

I have no idea where you've been getting your news. The Greek PSI saga has been ongoing for a good long time and it's been common knowledge throughout that they just can't agree. So, contrary to what you say above, the endless headlines about these negotiations going nowhere have been so...

They clearly have some sort of a thing for Cameron, the Phrench do... *DJ French Fin Min: Better To Be French Than British In Present Economic Environment

Not at all... In fact, it's a very very strong argument.

I'll happily do it, Ed... Is it OK if we discuss this tomorrow? It's getting late here and I am gonna be getting out here shortly.

I always take anything anyone says in the media with a pinch of salt, no matter who it is. It's just interesting that Platt, who normally avoids publicity, has chosen to appear and talk about it so openly. It's not that I found what he had to say distasteful. I may disagree or not, there may...

Yep, I've seen it before and read it...

This is interesting: http://www.bloomberg.com/video/82844550/ It's very unusual to see Mike Platt on TV, as he normally doesn't go for publicity (neither does Alan Howard).

Well, that "zero bottom" isn't quite the right way of thinking about it, since your carry and rolldown are negative (not sure how it works for TBT, but that's what happens w/short bond positions). And if the mkt is random, what's the point of trying to time it and pick bottoms?

It doesn't make sense... Remember, people who write for Reuters are journalists, rather than treasurers/repo traders. Yes, they're better quality journalists than, say, certain bloggers that shall remain namelss. However, pls, I implore you, treat all the pronouncements that all journos make...

Erm, not that I don't think Noyer is a total prick for calling for a downgrade of the UK. However, I have to ask you, bwol, unless you can offer accurate info, pls do refrain from opining on these subjects.

But what sort of a funny metric is this? "US equity assets under management" means nothing... What if the fund sold equities and went into cash without affecting AUM? What if it sold US equities and bot Japanese equities or smth like that?

I have said it before and I will say it again... No matter how many multiple orgasms ZH has, "re-hypothecation" isn't an issue and it's not what killed MFG. As to the rest of your point, Ed, let's wait and see, shall we?