More interesting, though, is the Tradeweb graphic published by the Financial Times on Sunday. It compares bond market volumes for the 10-year benchmark for Spain, Italy, Greece, Ireland and Portugal in both July of 2007 and May, 2011.
This week's calendar also features a 15-year on Thursday. Total for all the issues is 8-9 billion euros.
Also true to form was FT Alphavilles's take on the mother ship's article. We all know that they have a strict editorial policy with regards to admissible eurozone peripheral news, but to describe their hand tooled graph as evidence of 'dying peripheral bond trading volumes' is beyond the pale. For the record, summing the values in Tradeweb's chart shows PIIGS 10-year volumes increasing by 3.5 billion euros over the period.
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