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I didn't see anything important in any of that, but then it's still being digested. To be honest, I can't imagine anything significant coming out of that.

Yep, the others are getting pretty p1ssed off with the Eurpeans' inability to sort their sh1t out.

As of now, all is well, haven't you heard? Supposedly US stands ready to help the Eurozone with larger IMF commitments. Greece 10y back to flat vs Bund, nothing to worry about...

Well, this determination is not exactly in evidence yet, is it? They bought EUR 1.35bn worth of bonds last week... It's a jawk.

Well, Japan, UK, the Eurozone and Switzerland are also stuck (with O/N rates in Japan and Switzerland lower than in US). And let's not forget South Africa, which continues to cut rates, rather than raising them.

Actually, why don't you have Greek 10y up there too? It's even more attractive at arnd 12%... Surely, if you're gonna buy anything, GGBs are where it's at?

F*ck NO! You must be kiddin', right?

You have to be a wee bit more specific... Some countries have already raised rates, e.g. Australia, Sweden, etc.

That's the problem, you see... At th moment, there's no such thing as "the EU people". There's a bunch of organizations/politicians that, as of this moment, can't agree on anything. My hope is that the will get their act together at some point, but I am not holding my breath any more.

They are not generous enough, yet. It's a big question whether they will ever be.

Nothing wrong with that really... Just a sneaky way for the French to raise the retirement age, seeing as how they can't do it openly.

Pinks and silvers? You must be jawking... Anyways, yes, it can be done, but you'll have to pick points on the strip carefully. If you do the whites vs the really far out stuff, the roll would actually be negative on the flattener you're trying to do. If you do smth like purples vs the...

Why is it tougher?

+1 Traders can also warehouse risk that the mkt is unable to digest, is the only thing I'd add.

Well, some of the biggest holders of Irish bank paper (the stuff that's been guaranteed by the govt now) are the German Landesbanken, rather than the French. So France isn't actually the usual suspect in this particular case.

With all due respect, that's utterly wrong, ASus... There were huge amounts of Greek sov paper that were held by domestic banks/investors. This didn't help matters, because domestic investors lost confidence in their own financial system and there was a massive outflow of deposits. Same with...

Oh, come on, GoC... Firstly, don't you think that the president of Iceland is just a tad biased in this? Did you expect him to say that "We did it all wrong in Iceland, while the Irish are doing the right thing"? He's a politician that's talking 'his book'. Secondly, the comparison between...

That's not what I'm talking about. Obv, one-off measures taken in the aftermath of a crisis don't have to become a problem. However, you have to agree that the potential for a slippery slope is there even then. I am saying that when alhappens gets properly crazy it doesn't really matter...

Why don't you get them directly from the source, i.e. the CME? Here: http://www.cmegroup.com/market-data/datamine-historical-data/endofday.html As to the options on the Ultras, they sorta trade every now and then, but liquidity isn't great, since the contract is simply too new. The total...

Yeah, but so what? You're arguing a technicality... Of course, if the Central Bank is not independent, the government, technically, should never need to default. Zimbabwe is a great modern example. However, when the CB is forced to engage in desperate monetization of govt debt to forestall...