European Risk Update

Tyler Durden's picture

Risk update: today everyone is more blowy upy, both core and periphery

  • MAIN -1    
  • XO -10     
  • SOVX 283/287 +8  
  • SOVX CEEMEA 245/249  
  • IT +16                                   
  • SP  +12
  • PORT +9
  • IRE +5
  • BELG +6
  • FR +5
  • UK +1
  • DEUTSCHE  +.5

And a special bonus: Intesa Sanpaolo -4.6%, Societe Generale - 4%, Unicredit -3.8%.

So don't worry, with the Peripheral risk now priced in as transferred to the core, when Germany blows up, it is almost guaranteed that China will just assume all German sovereign risk. Which will work for about 3 hours.