Deutsche Bank credit default swaps (insurance against default risk) are moving back up today:
Unicredit (Italian Bank) CDS moving back up after a 2-3 day respite while its stock price remains weak:
Monte CDS moving back up:
French CDS moving back up:
Italy CDS moving back up:
There has been absolutely NO rally in European banks:
Turkish CDS currently near their highs:
US Corporate bond spreads not confirming recent equity strength:
US Junk and Investment Grade CDS near 1-year highs still:
BofA Merrill Lynch Liquidity Index not confirming market strength recently:
Italian and Portuguese 1-yr bond spreads moving back up:
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