Loading ...Re Bonds….Yr Right
I know for an absolute fact that during the run up to the creation of the Zero, that Futures mkts in Bonds were used to push Italian and Greek rates to close to parity to German Bunds, so they could turn round and say look the mkts think both the Drachma and the Lire are suitable to join the Zero…..they used no limit orders.
So if it was done then, it can be done now etc….