Credit Market News — Good, Bad, and Ugly

Good news? Equity markets were up today.

Bad? Credit markets still look horifically risk averse…which doesn’t bode well for equity markets.

Ugly? Rumor that Chinese bank regulators have instructed Chinese banks not to engage in interbank lending to U.S. banks. If confirmed, get ready for more "Blame China" sloganeering out of Congress.

URLs:  

http://www.reuters.com/article/newsOne/idUSPEK16693720080925