From today's Accutic plus blog:
I fear that all that is happening is Monsieur Sarkozy, not unlike a hysterical fool, is running to various media outlets declaring a victory in the debate to save the Euro zone. Unfortunately his motivation is more to save his own countries debt rating - and therefore the risk off trade that ensued yesterday afternoon was doomed to become yet another degringolade.
Today we saw some liquidation of a large call fly bought last Friday in Nov 10 yr. options and there was activity in a new product for Eurodollar futures.
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