From RBSMarketplace |
- See accompanying screen-shot from RBS for split in contributions.
- EUR 110 bio split 80/30 EU/IMF.
- Covers ALL of funding needs to 2012. From 2103, expected to cover only 50% of needs and balance to be raised in financial markets.
- Interest rate "around" 5% vs last Friday's mid market close in 2 year bonds at 12.52% (13.21%/11.84%).
- Moment of truth for EUR/USD. If we can't sustain even a minor rally this afternoon, then probably can reasonably expect a lot more pain. Watch 1.3112 (sell stop-in). Early indications in Asian trading not good. Now at 1.3246 vs 1.3341 Friday close.
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