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Thursday, May 29, 2014
Veterans' 'Philoctetes' Puts Modern Spin On Ancient Greek Play
Bond yields pushed to lowest levels in a year
Anti-bailout party Independent Greeks loses a legislator
IMF to decide on next bailout tranches
Independent Greeks MP Leaves Party
680,000 Greek Children Living in Poverty
Agreement Between AEK and SYRIZA for New Stadium
Athens’ ‘Strofi’ Among Restaurants with World’s Best Views
Samaras, Venizelos Slow Down The Shuffle
Imagine If Half of All Tech Inventions and Startups Came From Women
Rochester Greek Festival Begins Today
Greek Couple to Cross Africa by Car for Charity
Human Rights Court Condemns Greece
REVIEW: Maleficent: Sympathy for the Rebel
Snapchat CEO's Job Seems Safe Despite His Gross Emails To Frat Brothers
Yesterday, derogatory college emails sent by Snapchat CEO Evan Spiegel were published by Valleywag, but it doesn't seem like Spiegel needs to worry about his job.
A source close to the company justified the emails to Business Insider:
"He is 23 now. Then, he was a kid, a frat boy kid ... everyone sent stupid emails and did stupid things when they were 19."
Spiegel's emails were sent in late 2009 and early 2010 while he was social chair of Stanford's Kappa Sigma fraternity. They reference binge drinking, cocaine usage, and offensive comments about women.
Spiegel isn't the first Greek life member to be put on blast for sending horrific emails. There was the "deranged sorority girl" who asked if her sisters were "f---ing retarded" last year, and the Georgia Tech fraternity brother who wrote about "luring rapebait." But those people weren't running multi-billion-dollar companies. Mark Zuckerberg's leaked college IMs were bad too, but they didn't objectify women or talk about urinating on them, as Spiegel's did.
Over the past two years, Spiegel has earned a reputation as the ultimate frat boy. Texts made public by a lawsuit filed against him by former fraternity brother Reggie Brown are scattered with terms like "dawg" and "dude." His parents' divorce papers painted him as a spoiled brat in high school, who begged to drive a ,000 BMW and threw temper tantrums.
While running Snapchat, Spiegel has made a few missteps. He didn't apologize when four million Snapchat accounts here hacked until the media started asking for his head to roll. Spiegel also fibbed about the way he first met Mark Zuckerberg to Forbes to sound more macho.
People can change, and Spiegel says he has. He told Business Insider in a written statement that he was "mortified" by his "idiotic emails" and that they don't represent the person he is today, or his views towards women.
While Snapchat's investors may be patient as the young founder grows up, other tech CEOs haven't been as lucky. Gurbaksh Chahal, founder of adtech company RadiumOne, was recently fired by his board after criminal charges against him were made public. Police alleged that Chahal beat a former girlfriend multiple times but felony charges were reduced. The board initially supported Chahal but changed its mind after Chahal pled guilty to lesser charges — and found himself in the middle of a media firestorm.
This past weekend, Rap Genius co-founder Mahbod Moghadam was fired after he made distasteful comments about the Santa Barbara shooter's memoir. The comments, which he wrote on his company's site, included: "My guess: his sister is smokin' hot."
The Snapchat insider we spoke with didn't feel either scenario was comparable to Spiegel's old college emails, because the other incidents occurred when those executives were running their businesses. That's not to say Spiegel couldn't get himself fired if he did something truly horrible.
"Rap Genius wrote stupid things as an executive of the company, in the company's product," this person said. "I think that the actions of Gurbaksh Chahal are completely horrendous and incomparable. "If Evan did what Chahal did, I for one would be disgusted and seek to take action."
SEE ALSO: SNAPCHAT CEO: 'I'm Mortified By My Idiotic Emails; They Don't Reflect My Views Towards Women'
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The Most Commonly Misspelled Names in Sports
With the Scripps National Spelling Bee crowning a new victor this afternoon, The Wall Street Journal has put together a ranking of athletes and coaches whose names are most commonly misspelled based on research from the content aggregation site Factiva.
Leading the way is Miami Heat guard Dwyane — not Dwayne — Wade, whose first name has been spelled incorrectly in 6,480 of the 142,599 articles Factiva aggregated, good for 4.3%.
Taking second place is Calgary Flames goalie Miikka Kiprusoff, whose second "i" has been omitted 3.2% of the time. Other notable finishers include Mark Buehrle (2.8%), Skylar Diggins (1.8%), and Agnieszka Radwanska (1.8%).
But perhaps the most interesting result is Mike Kryzyewski. The Duke men's basketball coach may don the most notoriously difficult surname in all of sports, and yet, Krzyzewski has only been misspelled in 0.3% of articles. The last name of Coach K's former AP Player of the Year, J.J. Redick, meanwhile, has been misspelled 1.8% of the time.
Other seemingly straightforward athlete names, like third basemen Cal Ripken and Alex Rodriguez, also made the list.
Notable snubs include Milwaukee Bucks guard Giannis Antetokounmpo, Red Sox catcher Jarrod Saltalamacchia, and Greek soccer player Sokratis Papastathopoulous.
See the whole list over at the WSJ >
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A 15-Year-Old's Celebrations Have Made Him Everybody's Favorite Contestant At The National Spelling Bee
The 2014 Scripps National Spelling Bee has yet to crown a champion, but the undisputed winner among those watching is 15-year-old Jacob Williamson from Cape Coral, Florida.
The 8th grader, who is a diehard Tim Tebow fan as well as an "avid numismatist" (coin collector) is the oldest competitor still remaining and his exuberance quickly made him a crowd favorite.
When he came to the microphone for his first word during Thursday's semifinal round, Jacob's first words were directed at Jacques Bailly, the official pronouncer of the spelling bee.
"Hi, Dr. Bailey," said Jacob. "Please give me a word I know,"
His first word was "Euripus" and when he heard the word he shrieked and exclaimed "I know this!"
While most contestants ask several questions about the word, Jacob didn't ask any questions other than to verify what he already knew, that the word is of Greek origin.
When he spelled the word correctly, he was just as exuberant.
When he returned for his second word of of the semifinal round, Jacob was no less thrilled when hear "harlequinade" as he once again celebrated before he even spelled the word.
Again, Jacob didn't need to ask the origin of the word, correctly verifying that the word is of French origin.
Jacob's parents are much more subdued than he is.
After spelling the word correctly, Jacob literally jumped for joy.
So when Jacob learned that he had made it through to the finals, you knew his reaction would be great, and it was.
Join the conversation about this story »
Greek Mom Cries When Told of 'Big Fat Greek Wedding' Sequel
39th Annual Richmond Greek Festival
All hospitals to treat uninsured patients
NJ Greek Fest 2014 in Westfield starts today, May 29
Greece's Alpha Bank reports 94.1-million-euro Q1 loss
Greece shows interest in building South Stream section in its territory ...
Greek life leads to a happy life for college graduates, Gallup study says
Greece’s protest parties: Syriza and other radicals
Spain’s “indignant ones”: Exit Rubalcaba
THE indignados are back. The spontaneous movement of the “indignant ones” found a new mouthpiece in Podemos (“We Can”), an internet-savvy leftist party founded four months ago, which stormed past older opposition groups to become Spain’s fourth most-voted-for party. In cities like Madrid it came third behind the Socialist Party and the People’s Party (PP), beating the traditional, communist-led United Left (IU) and its coalition allies.After years of high unemployment and austerity Spanish voters are angry, though more with their own politicians than with Europe. As a result Spain has its own equivalent of Greece’s far-left party, Syriza, a future partner in the European Parliament. Podemos is both deeply serious with its anti-EU austerity and anti-globalisation creed and fiercely radical. One of its new MEPs hails from a group called Anticapitalist Left. The party’s pony-tailed, telegenic leader, Pablo Iglesias, a 35-year-old university lecturer, promises to return from Brussels to lead Podemos into a general election that is due within 20 months.Podemos took 8% of the vote, which set off two political shocks. The duopoly of the two big parties was broken, as the Socialists and PP jointly sank below the 50% mark for the first time in three decades. And Podemos helped to destroy the position of Alfredo Pérez Rubalcaba, the Socialist leader, who...
Alums, Students and the Future Shine at Queens College Ceremony
NEW YORK – The message was clear at the 40th Anniversary Certificate of Achievement Awards Dinner of the of the Center for Byzantine and Modern Greek Studies on May 29: the administration of Queens College, the faculty and staff of the Center, 16000 alumni and the Greek-American community in New York are committed not only […]
The post Alums, Students and the Future Shine at Queens College Ceremony appeared first on The National Herald.
Greece tells Gazprom: We want South Stream back
ATHENS - Gazprom CEO Alexey Miller is in Athens today where the Greek government expressed its desire to revive plans to build the South Stream gas pipeline’s branch to Greece frozen by the Russian gas monopoly.
“The partnership dynamic with Gazprom could become even stronger with the construction of the branch of South Stream to Greece, securing in this way a new, modern and safe supply route for Russian natural gas to Greece,” Greece’s Energy Minister Yiannis Maniatis said in his speech at a conference south of Athens.
Russia and Greece signed an intergovernmental agreement in 2008 on co-operation in construction and operation of the Greek section of South Stream.
However, Gazprom later froze plans for South Stream’s branch to Greece and southern Italy, focusing instead on the Southern Stream’s route through Bulgaria, Serbia, Hungary and Slovenia to northern Italy.
EU Energy Commissioner Günther Oettinger told an EU press briefing on 28 May that the EU is in close contact with the relevant member states.
“It’s not very clear exactly what route the pipeline would take and what volumes of gas should be transported to what member states. Austria, as one of the recipient countries, has raised its profile in this area and we saw that recently,” he said, referring to Austria’s decision to sign a memorandum on the implementation of the Austrian section of South Stream on 29 April.
“But South Stream would probably take about three years, probably even longer before it’s running at full capacity,” Oettinger said. “So as far as short-term measures are concerned it’s not really an issue. It’s the transit countries such as Ukraine which are on the forefront of our concerns at present,” he said.
Gazprom has spearheaded efforts to accelerate South Stream’s northern route in an effort to diversify gas routes within the European Union and to provide stable gas supplies from Russia to central and southern Europe. The total value of the project is estimated at some €16 billion.
See also:
Putin hopes to avoid getting tough with Ukraine over gas
Papastathopoulos sees Portugal friendly as key test
SYRIZA Supports Abolition of National Exams
Public Bus Heading to Patras Overturns
FIFA World Cup 2014: Five key players from Greece
Greece Says No Kurd Camps
Greece has again denied that Kurdish terrorists are being trained in the country, a claim reiterated by Turkish Prime Minister Recep Tayyip Erdogan.
The post Greece Says No Kurd Camps appeared first on The National Herald.
Fr. Kallis’ New Course for Waterbury
WATERBURY CT – The historic parish of Holy Trinity in Waterbury, CT charters a new course with May 1 appointment of Rev. Perikles Kallis as its presiding priest. Kallis is a youthful clergyman, married, and with two sons, three years and three months old. He said that the transfer was not difficult for the boys, […]
The post Fr. Kallis’ New Course for Waterbury appeared first on The National Herald.
Greek Island Spotlight: Cyclades
A bold and colorful group of islands, the Cyclades are a popular Greek destination among visitors from all over the world. Sandy beaches, unique and contrasting natural terrain, traditional island architecture, and rich local cuisine make the Cyclades a wonderful set of gems to discover and experience. A cluster of some 220 inhabited and uninhabited […]
The post Greek Island Spotlight: Cyclades appeared first on The National Herald.
Nation Mourns its Beloeved Poet, Maya Angelou: 1928-2014
WINSTON-SALEM, NC – Maya Angelou, a poet and author who rose from poverty, segregation and the harshest of childhoods to become a force on stage, screen and the printed page, died on May 28 in her home at age 86. Born Marguerite Ann Johnson, she married a Greek electrician, former sailor, and aspiring musician named […]
The post Nation Mourns its Beloeved Poet, Maya Angelou: 1928-2014 appeared first on The National Herald.
U. of Buffalo probe sheds light on illegal fraternities
Prehistoric 'Fish Lizard' Skeletons Discovered Under Melting Glacier In Chile
Dozens of nearly complete skeletons of prehistoric marine reptiles have been uncovered near a melting glacier in southern Chile.
Scientists found 46 specimens from four different species of extinct ichthyosaurs. These creatures, whose Greek name means "fish lizards," were a group of large, fast-swimming marine reptiles that lived during the Mesozoic Era, about 245 million to 90 million years ago.
The newly discovered skeletons are from both embryos and adults. The creatures, likely killed during a series of catastrophic mudslides, were preserved in deep-sea sediments that were later exposed by the melting glacier, the researchers said in the study, published May 22 in the journal Geological Society of America Bulletin. [See Photos of the Ichthyosaur Graveyard Found in Chile]
Ichthyosaurs had torpedo-shaped bodies with vertical flippers, and long snouts with teeth.
"They look a lot like dolphins today," said Wolfgang Stinnesbeck, a paleontologist at the University of Heidelberg in Germany and the leader of the study.
Stinnesbeck and his team found the Early Cretaceous (150 million to 100 million years old) specimens near the Tyndall Glacier in the Torres del Paine National Park in Chile. As the glacier melted, the rock containing the fossils became exposed, Stinnesbeck told Live Science.
Very few of the ancient reptiles have been found in South America before; only a few remnants of rib cages and vertebrae had been found.
The largest ichthyosaur skeleton unearthed in Chile measures more than 16 feet (5 meters) long. The skeletons were extremely well preserved — some even retained soft tissues. The researchers also found fossil embryos inside a female specimen. They assigned the fossils to the family Ophthalmosauridae.
These "fish lizards" probably hunted in an underwater canyon near the coastline, pursuing a diet of squidlike animals and fish, the researchers said. Occasionally, there would have been mudflows that cascaded into the water like an avalanche, and the researchers think these mudflows killed the ichthyosaurs. The animals likely became disoriented and drowned, getting sucked into the deep sea, where their bodies were entombed in the sediment, the researchers said.
Ichthyosaurs swam the seas at the same time as dinosaurs roamed the Earth and pterosaurs reigned the skies, but they may have died out before their land- and air-dwelling brethren, Stinnesbeck said. A global depletion of oxygen in the oceans, possibly due to volcanism, may have caused the extinction of these seagoing reptiles, he said.
The discovery of these creatures establishes the Chilean glacier as one of the prime sites for Early Cretaceous marine reptiles worldwide, the researchers said. But getting to the fossil site is half the battle. To reach it, the team had to drive for five hours, hike for 10 to 12 hours to camp and then hike another two hours, sometimes in heavy rain, hail or snow.
"This has been one of the toughest field camps I ever had," Stinnesbeck said.
Follow Tanya Lewis on Twitter and Google+. Follow us @livescience, Facebook & Google+. Original article on Live Science.
Image Gallery: Photos Reveal Prehistoric Sea Monster Alligator Alley: Pictures of Monster Reptiles Image Gallery: 25 Amazing Ancient Beasts Copyright 2014 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.John Stamos Wants Role in ‘My Big Fat Greek Wedding 2′
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Business Live: Christine Lagarde demands action on African poverty
Rolling business and financial news through the day - including new growth figures for the US economy this afternoon
Latest: Andy Haldane on inequality
Christine Lagarde: African poverty still unacceptably high
IMF chief also demands more education for girls
12.57pm BST
Philanthropist and currency speculator George Soros has urged the European Union to help calm the Ukraine crisis and stimulate its economy, by giving firms "political risk" insurance.
Soros writes that the move would encourage businesses to invest in Ukraine despite the uncertainty created since relations with Russia collapsed.
Faced with high premiums, most businesses would simply opt to wait on the sidelines until the storm passed. That is why the governments concerned must take over the reinsurance function and use their agencies only to administer the insurance policies.
They could guarantee the losses in the same way as they underwrite the World Bank: each government would provide a modest pro-rata capital infusion and commit the rest in the form of callable capital that would be available if and when losses are actually paid out.
How the EU can save Ukraine and itself | George Soros http://t.co/LnodTg0b0i
12.21pm BST
US fund management firm Marcato Capital Management has put out a statement urging InterContinental Hotels to engage with the mystery US rival that is reportedly keen on taking it over.
Marcato's Mick McGuire says:
Regardless of the veracity of these reports, we believe that a combination with a larger hotel operator would have compelling strategic and financial merit and represents a unique opportunity to reshape the global hospitality industry.
11.59am BST
A protest is underway outside the Greek finance ministry in Athens today, led by the cleaning staff who lost their jobs in last year's austerity cuts.
They are demanding that the government complies with a court order and restores their jobs.
11.39am BST
Andy Haldane, the Bank of England's executive director for Financial Stability, has warned that the current shareholder model - where companies put the interests of their investors over other considerations - may be driving inequality, by encouraging firms to be too short-term.
To some extent, this matches the stylised facts on rising inequality rising executive and shareholder compensation and faltering real wage growth. The shareholder model may, ironically, have contributed to unfair shares.
Company Law in a number of countries, such as the UK, gives primacy to the interests of shareholders when defining the objectives of a company and its decision-making. The objectives and rights of a broader set of stakeholders, including workers, suppliers and wider society, tend to be secondary....
A set of corporate incentives which had as its fulcrum long-term company value and which more fully reflected the interests of a wider set of stakeholders might help rebalance the scales for example, towards investing rather than distributing.
They took up the baton for the 99% in 2011. At least at first, Occupy were treated with all of the seriousness of a local student protest. But rather remarkably Occupy became a global outfit, albeit a rather loosely-fitting one. Occupy touched a moral nerve among the many. The 1%ers in Davos had inequality as their main theme this year.
Enough has already been said and written about a book bought by many, read by few and understood by even fewer.
I am guilty on all three charges. I suspect never, in the field of human endeavour, has so simple a line chart done so much to fuel the debate among so many, not just in the salons of Paris but in the Starbucks of London and New York.
11.10am BST
There's a mix of reaction to today's data on the Help to Buy scheme (see here) - some analysts reckon the data shows the mortgage guarantee scheme is having little impact; others argue the opposite.
On the face of it, Help to Buy (HTB) is doing very little. 7,313 mortgages were completed in the first six months of the governments mortgage guarantee scheme, equivalent to 1.3% of all mortgage completions.
The scheme was introduced in October and provides a government guarantee of 15% of the property value, making it easier for a mortgagor with just a 5% deposit to get a mortgage. Despite the apparently low take-up, this scheme is far from trivial. The indirect effects are much more important. Like an iceberg, the part visible above water grossly understates its true size. We expect the BoE to recommend watering down the scheme in its annual review in September.
The policy appears to be reaching the geographical parts of the market where recovery has been weakest, while accounting for only a small proportion of business in those areas where the market is more active.
On the basis of these figures, the scheme appears to be successfully reaching its target group of creditworthy borrowers who would otherwise be unable to buy until they had accumulated a more significant deposit. Lenders are always mindful of what their customers can afford.
Since October the Help to Buy mortgage scheme has supported 7,313 mortgages. Pretty small in context of 100k+ mortgage approvals a month.
With @JessicaLeeMP to see how Help to Buy has helped nearly 28,000 people buy their own home. 85% are 1st time buyers pic.twitter.com/qJoMi0ZKrh
The question about Help To Buy is not "bubble", but how many of the homes built & sold through it would have been built anyway?
The question about Help To Buy is not "bubble", but how many of the homes built & sold through it would have been built anyway?
10.24am BST
New official stats released today on the #HelptoBuy mortgage guarantee scheme can be accessed in full on our website http://t.co/4Zj32GgnUb
10.21am BST
Back in the UK, the government has released details of how its Help To Buy mortgage subsidy scheme has been used.
It shows that a total of 7,313 mortgages have been supported by the second stage of Help to Buy during the first six months of its existence, with 80% going to first-time buyers.
9.37am BST
IMF Christine @Lagarde visits Maputo, Mozambique for the #AfricaRising conference. pic.twitter.com/fwwOc8moOO
9.33am BST
Christine Lagarde also used her speech in Mozambique to urge politicians to boost female education and close the gap between boys and girls - saying it could be costing the region $90bn per year in lost activity.
The IMF chief said:
I know that most of the women in Africa cannot afford not to work. But when they do, they are mostly employed in informal activities. We all know what this means: low productivity, low incomes, low prospects. We also know the constraints: access to education, credit, and markets.
The gains to be made by overcoming these constraints are immenseparticularly through girls education. By some estimates, the economic loss in developing countries from the education gap between girls and boys could be as high as $90 billion a yearalmost as much as the infrastructure gap for the whole of Sub-Saharan Africa!
9.28am BST
International Monetary Fund chief Christine Lagarde has warned that poverty in Africa is still "unacceptably high", despite almost two decades of growing "growing strongly and steadily".
Economic stability has paid off. More than two-thirds of the countries in the region have enjoyed ten or more years of uninterrupted growth.
This growth has delivered a more educated population, with significant declines in infant mortality. In Benin and Madagascar, for example, primary school enrolment has increased by more than 50 percentage points. This may be from low levels, but it is still a huge improvement.
Africa building to the futurethree priorities: build infrastructure, institutions, and people http://t.co/H173NingtQ #AfricaRising
9.19am BST
Kingfisher is looking beyond Europe for future growth opportunities, flags up Retail Week's Nicola Harrison.
Kingfisher eyeing growth outside Europe.Boss Ian Cheshire says franchise model of would-be acquisition Mr Bricolage can easily be exported
9.02am BST
Analysts at ING say today's updated US GDP data (due at 1.30pm BST) could show that America's economy contracted in the January-March period.
They're not too worried, though, as it's largely due to last winter's bad weather:
There is a clear risk of a downward revision to today's figure, which could result in the first negative reading for 3 years. However, this was heavily weather related and activity for the second quarter so far is pointing to a robust rebound.
8.57am BST
Kingfisher's warning that France remains a tough business environment has caught the City's eye.
Retail analyst Nick Bubb says:
France also saw some weather benefit and reported like-for-like sales up 1.6%, with improved gross margins, but investors may be disappointed to hear that the underlying French DIY market was still weak,
The company is aware of a restrained economic backdrop in France, whilst gross margins suffered in the UK given the rise in demand for cheaper products and a number of sales in the period.
8.52am BST
In other corporate news, British Gas boss Chris Weston is off to run temporary power firm Aggreko.
An escape from fielding flack about rising energy bills in the UK?
Centricas chief executive Sam Laidlaw, who has run the company since 2006, is expected to leave before the end of the year and in January the group lost its finance chief Nick Luff, who has yet to be replaced. Weston, who will not join Aggreko until next year, was reportedly interviewed to replace Laidlaw but missed out on the top job.
8.45am BST
British food ingredients firm Tate & Lyle has warned that America's cold spring, and "prolonged and severe winter" hit demand, as it reports a 3% drop in sales last year.
It is also suffering from tough competition in the sucralose sweetener market -- eating into profits on its Splenda sweetener.
8.35am BST
Spain's statistics office has confirmed that its economy grew by 0.4% in the last quarter - in line with the initial estimate.
Spanish Q1 #GDP confirmed at +0.4% q/q - INE
8.27am BST
April was a strong month for British automobile manufacturing, with the number of cars made in the UK up by a fifth.
8.22am BST
France isn't the only country where Kingfisher found it hard to grow sales.
It also reports that it racked up a loss in China in the last quarter, and blamed the slowdown in the property market:
B&Q China sales were down 5.0% to £68 million (-4.4% LFL) impacted by a slowing Chinese property market.
Retail losses of £7 million, in what is traditionally the weakest trading quarter of the year (impacted by Chinese New Year), were broadly flat year on year, including costs developing the new format trial of around £1 million.
8.19am BST
The weakness of the French economy has hit Kingfisher, the firm behind B&Q, and taken the shine off some otherwise impressive results.
While like-for-like sales in the UK surged by over 10% in the last quarter, French sales only crept up by 1.6% despite retailers benefitting from much better weather this year.
Encouraging underlying signs in the UK & Poland offset by ongoing weak consumer confidence in France
8.05am BST
The big news overnight is that Japanese retail sales took a real tumble last month, as the country's sales tax hit consumers.
Japanese retail sales fell by 4.4% on an annual basis in April, the biggest fall in three years (since the Fukushima disaster), as people cut back on purchases of cars and electronics.
In one encouraging sign, declines in sales of apparel and toiletries were limited, which suggests consumer spending will pick up in May in line with the Bank of Japan's scenario, but there are worries that a recovery in durable goods could take more time.
"There are signs that declines in spending on daily necessities is already bottoming out, which supports a gradual recovery in spending," said Shuji Tonouchi, senior fixed income strategist at Mitsubishi UFJ Morgan Stanley Securities.
8.04am BST
Good morning, and welcome to our rolling coverage of the financial market, the world economy, the eurozone and business.
Lots of corporate news knocking around this morning -- with results from retail chain Kingfisher, sugar-maker Tate & Lyle and water firm Severn Trent.
Just published: front page of the Financial Times UK edition Thu May 29 pic.twitter.com/82iTlK0U6M
Bond prices continued to rise yesterday, but this time it wasnt just US, UK and German bonds that were in demand but peripheral bonds as well.
US treasuries hit their lowest yield since July last year while both German bunds and UK gilts headed back towards their 10 month lows set earlier this month.
Continue reading...