In an interview to Lata Venkatesh of CNBC-TV18, Kit Juckes, global head of foreign exchange strategy, Societe Generale stated that he did not expect a big correction in the European yields. He highlighted the sense of uncertainty in the market, but assured that the crisis in Greece would not spread to the rest of Europe.
This is an edited transcript of the interview with Kit Juckes. Also watch the accompanying video. Q: Can you explain how the market will read this event? Will this be a default event? How will, for instance, the Euro or the Spanish and Italian yields move?A: The International Swaps and Derivatives Association will decide whether this triggers the credit default swaps. I would say the odds favour that they will. I think that the integrity of the market will be questioned, if they don
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