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The Week That Was

08 January 2016 by lberuti

An interesting week to kick the year off, even though probably not the one most were wishing for. There was no real new themes compared with last year with commodities and emerging markets still taking centre stage, and autos and consumers also keeping investors busy. The above grapple is interesting by its colour scheme, which is a reflection of brutal the move was on a large array of names. One should not read too much in the volumes as they relate to the last week of 2015, but there was an interesting statistics from the Bloomberg SEF. It shows that even though volumes are still a bit thin (the dealer reporting the most volumes transacted 6bln) which is not surprising given some people are still away from their desk, the competition among market makers is as fierce as ever: they were 7 to report roughly the same numbers.