Stuart Thomson Market Quotations

The European Central Bank will raise rates by a quarter- point per quarter. The market probably has more to do in terms of discounting that.

The ECB is determined to raise rates and the stronger economic data is helping to confirm those plans. European bonds are not the most attractive market at the moment.

Demand is vastly outstripping supply. It's not surprising that some of the dealers are going to the DMO because it's difficult to make a market in these conditions.