Cue the spooky music. Those dastardly Wall Street sharpies are said to be at it again as talk swirls of a US investment bank having to sell USD 10 bln somehow linked to mortgage backed securities. The US bank already sold a vast quantity of dollars helping push EUR/USD up nearly a cent in the last hour.
The $/USD10 bln figure has also been thrown around with a mortgage-backed securities order that went through the market yesterday as rates exploded, so traders may be conflating the two rumors into one tidy package…I’ll keep an ear out for further details. Feel free to contribute anything you may hear in the comments…
