Treasury Trading Update.

Very slow pace today - as market will probably start widing up a bit more as we get closer to Friday's all important EU summit.

We did get a little movement from Merkel and Sarkozy's press conference:

From today's accutic plus report - A couple of comments from Merkel and Sarkozy just came out initially they said the both had penned an agreement working out their differences and will be presenting this document to Van Rumpoy on Wednesday. This seemed to increase risk appetite (see chart right) a bit and the Eurocurrency moved up. However they also agreed that Eurobonds are not the solution. So far the bid as measured by the Euro currency has sustained itself.

Currently 9:50 a.m.c.s.t. and euro currency giving up some of the gains scored off the press conference comments. For more and update on flows members can log in here: http://financialfutures.typepad.com/accutic_plus/

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