>Trump called bottom
Those markets (equity) represent about 10% of what actually occurs on any given day and after the last two weeks it's gonna bounce for a bit-they are the 'happy' #s for public consumption.
>if Euro drops the rates wouldn't our bond market follow?
in a normal situation yes but when you have a difference, like the Japanese mkts it's arbitrage city and BoE delaying the rate drop a week (muh ded lizzie) gave them all an extra 5 days to do that very thing but the NYFRB inventing (creating out of thin-air) between $40 and $50B of our debt market every single day makes it a tough thing to be "normal"
Most of it targets the shortish end (less than 5 year) and those are the ones that have been levitating
Basically uncharted territory and the EU will nationalize everything before they let it fail.
Germany already bailed out the gas Co so that is the precedent that all the rest of them who have screwed up will point to as the solution-Moral Hazard