Quote from riskymove:
It seems to me the markets are moving off the ECB's record injection - feels like it could fuel some upside fire especially depending on what GS reports and how it acts.
Quote from opt789:
Apex,
+10/-7, that is a low R/R for you isn't it?
King,
One simple answer is that many US loans are tied to Libor, and all the Fed's actions thus far have not brought it down. From the same article on Bloomberg:
"Maybe this is the sign we've all been waiting for that a peak in Libor has been reached," said Patrick Jacq, a fixed- income strategist at BNP Paribas SA in Paris. "It's a definite sign of an improvement in the market."