Cyprus Contagion Minimal So Far

 |  Includes: EU, SHY
by: Calafia Beach Pundit
Fans of 2-yr swap spreads, which have been reliable coincident and leading indicators of systemic risk and economic and financial market health, will be pleased to know that the Cyprus bank deposit crisis has had only a very minor impact on swap spreads, both here and in the Eurozone. Message: not much to worry about here.
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