Bank Funding Crunch Deepens as Swap Rates Soar

Filed in euro, Gold, Gold Investing by on May 9, 2010 0 Comments

“Look for the de-risking that is underway to continue,” the New York-based bank’s fixed-income strategists including Srini Ramaswamy wrote. “Funding pressures have increased for European banks and could worsen over the near term, but are unlikely to deteriorate to the extent seen in 2008 that led to forced develeraging.”

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Bank Funding Crunch Deepens as Swap Rates Soar

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