What A Complicated Web We Weave…

So the ECB’s “exchange” is starting to show up.  The notionals aren’t in yet, but you can see which issues the ECB owns based on the new bonds that have been created.

They seem to have been less involved in the English law bonds, but it is just as likely that it hasn’t hit the screens yet.

Markets continue to be strong, though it seems like we are trading AAPL more than anything else, and are very complacent.

Euro is far strong than stocks, which actually makes sense.

Source: Bloomberg