The Big Picture - Macro Perspective on the Capital Markets, Economy, Technology, and Digital Media

Macro Notes

The Euro region officially grew again in Q3 on a q/o/q basis for the first time since Q1 '08 as both Germany and France saw growth for a 2nd straight quarter, albeit a touch less than expected. Overall, the Euro zone grew .4% q/o/q, .1% less than expected and because of the slight miss relative to forecasts, European bonds are higher and US Treasuries are following, sending the 10 yr bond yield to the lowest level in a week and a half on a closing basis. This comes even with another round of huge supply this week, a weaker than...