UK bookmaker suspends betting on a Greek euro exit - http://uk.reuters.com/ar...s-idUKL5E8GA4RN20120510

If there was an admission that the euro is about to unravel in a nasty fashion, this is the unofficial notice.

When the casino owner closes shop without warning and doesn't pay the chips, well hit the exit doors while you can...

Where has all the stock trading gone?

http://www.businessweek....-the-stock-trading-gone

Yep. A query that is bothering many exchanges globally post GFC. At a time when most exchanges mounted a recovery almost back to the highs of pre GFC with vapour volume, one wonders about the sustainability of such an incredible recovery with worsening global economy conditions. With machines (HFT) mostly the ones trading amongst themselves, it will be interesting to see when they are finally switched off...

@Hisah, guess who was meeting yesterday...

"May 9 (Bloomberg) -- Credit-default swaps market leaders will meet this week in New York and London to discuss changes to the contracts in what may be the biggest revisions since 2009.

The International Swaps and Derivatives Association’s credit steering committee will meet May 11 to discuss changes, said Steven Kennedy, an ISDA spokesman. Possible amendments to standard contracts, which are governed by ISDA, include how debt-for-equity exchanges would be treated after a bankruptcy, specifying that credit swaps only cover losses from defaults that occur after their purchase, and clarifying how the date of a so-called credit event is determined, according to people familiar with the situation...."

Read more:

http://sfgate.bdc.bloomb...1KEC70D6N0O2H0RBST9DVJ6

Amazing charts as the euro debt bomb unfolds...

Sparta's 10yr bond yield - spiking back to March 2012 heights when hellena was saved


Espana's 5yr CDS rates - highest on record today!


Espana's bank borrowing - parabolic as can be...


US 10yr treasury futures - melting up. Let's see how the Fed will QE (crank up the money inkjets) at this rate!


It is getting interesting