13 Απρ 2010

Focusing on the wrong side

  • Market must focus on rates and not on bid to cover ratio!!! 
  • Greece sold E1.56bn VS E1.2bn indic
  • Sold E780mln 26-week T-Bill at average yield 4.55% vs 1.38% in January, cover 7.67
  • Sold E780mln 52-week T-bill at average yield 4.85% vs 2.20% in January, cover 6.54