In Bernanke's world that's a big move! I'm guessing not caused by rate hike expectations Any funding pressures out there in the interbank system? Something the retail traders don't yet know?
I thought there might be something else, not something we've known about for months...shock news, "Greece might default" But thanks anyway.
Nah, it's all about Greece still... Or rather about the funding that the US money mkt funds have been providing the European banks with and which might dry up if Greece goes pear-shaped.