Interest Rate Roundup

Friday, March 16, 2007

Closing out the day and week

Just to close out the week, and the open question implied in my last post, the euro did NOT manage to break out to a two-year high today. But it did get darn close. It was recently trading at 1.3316 -- 1.3367 is the intraday high from December 2006 that needs to be cleared. Bonds also rallied back from earlier losses despite the dismal inflation news. The catalyst? Falling stocks and a rallying yen -- both signs that risk aversion is still the name of the game in the market right now. Have a great weekend everyone.


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