The euro did not manage to sustain its Friday strength but at this stage the Eurozone’s leaders would probably be content that the market is not selling off en masse and this week’s bond supply can simply pass without incident. There were no major developments over the weekend, though financing for the IMF appears to be taking shape with major central banks in Europe ready to increase their commitments, though as ECB President Draghi warned last week, the legalities still need to be resolved. Continue reading →