Last month I wrote about the reaction the market had to the FOMC statement which suggested that QE3 was off the cards. Implied volatility in Fixed Income markets spiked sharply higher and whilst last week’s FOMC statement was little different to the March statement, the press conference that Bernanke gave, has led to the risk […]
Is there any market safe?
The failing of The Netherlands’ Budget talks looks likely to lead to a collapse of the Dutch coalition government. It has led to Moody’s stating that there is a threat to the Dutch Aaa rating. Whilst there is a threat if a new Dutch government went on a wild spending spree, it is not the […]