Market seeks substance

- By FX Markets Staff
- @FXMarkets_
- 10 Mar 2008

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Although financial markets saw patches of sunshine in February, the environment remains unusually hostile. Stock markets have traded sideways since mid-January, but financials' lack of performance has been noteworthy. Bond markets corrected in the first part of February, only to rally sharply. Credit markets have been downright gloomy and initial public offerings have been pulled from markets in record volumes. Despite central bank attempts to add liquidity, TED spreads (the difference between T

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