Strong Demand for ECB's LTRO Raises Concerns over Eurozone's Banking System
BonTradeDespite the rise in Wall Street and crude oil prices, market sentiment remained fragile amid renewed concerns over sovereign debt crisis in the Eurozone. The greater-than-expected demand for the ECB's first LTRO raised worries that the balance sheets of European banks were worse than previously anticipated. Added to the worries were the US existing home sales which surprisingly dropped last month.
Here is the original post:
Strong Demand for ECB's LTRO Raises Concerns over Eurozone's Banking System
