One of the news wires via reuters said China was responsible for the turnaround buying heavily into the Italian banks and periphery debt in late morning London trade Can't see the ecb loading up on any more though that rumour was about too
I should have been more specific. I meant intraday over the past 2 or 3 trading days. Of course over the long run there is going to be no correlation, but the market seems hyperfocused on this recently. Was curious if this was quantitatively noticeable and could be explained in this way.