Spreads are tighter on the back of stronger global equities and continued demand for credit bonds. This weeks mutual fund flow data once again showed huge outflows out of money market funds into the riskier asset classes.
Given all the scrutiny over true over-the-counter securities (think credit default swaps), I can't say I'm too surprised that the SEC is coming after 'dark pools.'
Beware of strangers bearing gifts on triple witching day.....especially if they are worth $134B.
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