LCH Hikes Irish Bond Margin To Over Half, From 45% to 55%
It seems like yesterday that the LCH reduced Irish bond margins from 45% to 35% (it was actually 4 weeks ago). Since then, as the CME has demonstrated so well, when in need of some temporary price hike, best to just purge the "speculators." And to wit: after hiking margins back to 45%, LCH.Clearnet has for the first time raised Irish bond margins to over half, or 55%. Whether this will work as effectively in "normalizing" Irish bond prices, as it has so far "worked" with silver, remains unclear.
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