Market Weekly & Outlook

Monday September 24th 2012

images/uploads/SPL Market Weekly 24-09-12.pdf

T2 is anchored at 0.00% ~ 0.25%, best value still in the belly curve.
Spain leaning on a domestic audience for long date placement.
Rajoy is coasting on artificially low yields; fears October local election backlash.
Greece struggles to make cuts...please no 3rd bailout.
Equities undervalued, but drifting.

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