Stress Test Results Impact Benign & Markets Wait for NFP

The much anticipated results of the US bank Stress Test failed to soften investor’s optimism, despite 10 firms requiring nearly $75bn in new capital. US equity markets closed slightly lower and the USD was able to make some headway, as traders braced themselves for uncertain events (US 30year yields rallied sharply after the 30year auction went quite badly). However, on the release, with no...