Interesting Observations in US/UK spreads
Posted: Sun Sep 13, 2009 4:39 amJust some Sunday morning insomnia chart readings. The US/UK 5 spread (not adjusted for currency difference) bounced off the mean level established since May 09. The 10 spread looks to be relatively rich here and perhaps could go back to the mean levels. Both of these spreads have widened significantly in the latter part of August/early September. See attached chart for detail.