March 14, 2023 06:20 GMT
Question mark over how much of the CS story is new
- One thing to caution about the Credit Suisse headline is it's not clear at this point how much of this is new... According to the Dow Jones story today's annual report " confirmed previous years' financial results, after a delay amid discussions requested by the U.S. Securities and Exchange Commission."
- This was after the request from the SEC last week to delay.
- Either way, it's spooked the market and we are seeing big moves in Treasuries here which are leading Bunds higher, too.