“After yesterday’s spike in o/n rate it looks like the situation in the Eonia market is getting worse and worse and ECB are not intervening yet. We are really struggling to fund all our positions: Our pricing will reflect this anomaly,” it said.
Of course, the bank concerned denies it has a liquidity problem and I actually believe it, so I’m not going to name it. In this instance, I’ve not been nobbled. There’s been no threat to pull advertising or set the lawyers loose on me.
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