Boston-based fund manager Dan Fuss of Loomis Sayles says he is buying Irish bonds.
The short-term fundamentals are awful he says, but that the liabilities of Irish banks are huge, but known. The government will have to help, he says.
Get ‘em while their cheap!
EUR/USD is backing up toward 1.3735/40 resistance as US equities turn positive on the day. Oil continues to soar, doing its own thing, while gold bounces more than $10 from $1385 lows.
