Need to sell EUR 1.1 bln in debt? Go where the money is…
Not much of a surprise given the endless wads of cash that China has been doling out across the continent…
EUR/USD is consolidating gains, trading now at 1.3125.
Two more key auctions tomorrow: Spain and Italy both go to the markets. Given today’s bond rally in Europe, they should go off with relatively little drama. If they are poorly received, back down we will go again…
Trichet will meet the press tomorrow as well. Expect sovereign debt to be the major focus, once again.
