Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (73858)	7/13/2010 6:20:45 AM
From: Haim R. Branisteanu	3 Recommendations of 74559

BDI - Index - unrealistic fluctuations - US reputation is slipping fast If anyone is following the BDI index will witness huge index manipulation. Spoke to a small ship owner operating more than a handful of bulk Handymax ships - his remarks - cursing the US Wall Street Banks for manipulating even the BDI index This is the deep and lasting damage that WS bank inflict into the good reputation of the US - it seems that in Washington they fell asleep and our reputation is slipping fast - something must be made in this regard and fast. In another vein, Greek spreads have now reversed earlier widening by 4 basis points to +765bps after successful 26-week T-bill auction, where PDMA sold E1.625bln -- more than the E1.25 billion it originally indicated. The PDMA accepted E1.625 billion of 26-week T-bill at an average yield 4.65%, with a cover ratio of 3.64 times. This compares to 4.55% yield when the debt agency sold the 26-week T-bill issue in April, where E780 million was sold and then covered 7.67 times

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