... This follows the ECB's LTRO repayment announcement earlier in the European morning, where the ECB disclosed that over half the banks that borrowed from the first tranche of LTRO aid have begun returning the funds to the ECB. Banks plan to pay back in total EUR 137.2bln, above the consensus estimates of EUR 100-120bln, forcing markets to price in a withdrawal of liquidity faster than originally expected.
Print 15:18, 25 Jan 2013 - Market Analysis - Source: RANsquawk
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: