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Same Old Same Old

11 November 2015 by lberuti

With the US closed today for Veterans’ Day, it was a quiet session which gave us the opportunity to take a step back and look at what happened since the beginning of the month. It is fair to say that there were decent moves, most of them taking risk premia wider (on the above Grapple, the bigger the box, the larger the volumes were, and the brighter the color the more pronounced the moves were). But the rationale behind them is the same that has driven spreads for a while. On a background of pale green shades, the brighter red boxes are linked with Emerging Markets, Cars, and commodities. The same themes are still driving the price action and the market seems to be struggling for new ideas.