Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: ggersh who wrote (5666)	6/23/2009 5:37:18 PM
From: RockyBalboa	Read Replies (2) of 6370

Well I have to check with the local treasury again; if ECB was to place one year paper they would drain funds, but why. I rather think they lend to keep rising EUR libor rate in check, enforce their 1% official rate; and also break the momentum in the tightening currency. Just on monday the local treasurer told me the same thing; ECB placing one-year repos (but not to the tune of 500yards), back then the currency suffered and fell a bít more agains the pound. There´s a lot of weird stuff going on. Check out MGM afterhours; they glued the stock to 6.30 with a million shares on the bid. The bid must be one of the dark pool bids; trades fill on directedge.

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