100K plus bunds done between 13:00 and 13:30 today, more than over ifo or over an ecb press conferance and then durables comes in well above expectation. The most blatant example of the leak seen to date or what?
No Doubt. The US treasuries were hit as well. This is the kind of shit that needs to be investigated.
The larger primary dealers have "access" to the companies that have the greatest impact and correlation to the durable goods number. If you have friends at GE, Boeing, Caterpillar et al, treat them to a nice steak dinner!