NYSE volume unchanged from yesterday's siesta-inspired participation.
In bonds, forward curves getting pancaked. The 5 Yr bond has over 2% differential between spot and the 5 year forward. But the biggest action is in the near end: presumably the 3 Month T-Bill will see a 5% ramp up in the next 5 years.
And lastly, DB and JPM as usual at the forefront of SPY trading.
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Tuesday, June 9, 2009
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