Bundesbank Says 'Nothing To See Here' As Deutsche Bank Stock Slumps
While Deutsche Bank (DB) credit instruments hover near their worst ever, the stock price had been jawboned and squeezed higher enabling the issuance of more junk-priced debt... until today. The first close back below €12 in over a week has some worried, confirmed by Buba's Dombret denial - "European bank sector concerns are overstated."
- *DOMBRET SAYS CONCERNS ABOUT EUROPE BANK SECTOR OVERSTATED
- *DOMBRET SAYS SOLVENCY OF EUROPE BANK SECTOR NOT IN DOUBT
Record wide credit spreads, surging interbank rates, huge USD liquidity demand...
(Click on image to enlarge)
Yeah, no 'doubt' at all.
Disclosure: None.
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Thanks Tyle