An odyssey begins today but not without first a post with a few updated charts.
The idea of a "No Fun Zone" week has certainly played out as prices have mostly gone sideways. The lack of news and economic datapoints have combined to starve the algos of headlines to devour. Thus, we're left with a lot of sideways action and, of course, the usual Bank interventions like the NEEEE Rule.
As you can see, it's a pretty tight range for both CDG and CDS with the only real volume coming during the NEEEE washout that preceded yesterday's open.
And the blatant suppression...