Someone Does NOT Want To Be Long Over The Weekend

Tyler Durden's picture

In the last few minutes of the European week, major financials have been crushed. It appears that someone (or perhaps a lot of 'someones') really do not want to be long into the weekend. Credit Agricole is -11% on the day, having fallen 12.3% in the last hour!!

Senior financial spreads also reversed all their gains and closed wider on the day.

Charts: Bloomberg