Earlier on, markets were rejoicing in the effervescent youth of Hillary Clinton last night, as she methodically completed the debates last night without incident. Futures were sharply higher and Europe was ripping tits, until Deutsche Bank started to head lower again.
This is definitely starting to feel 2008 ish. The lower the stock goes, the worse off their capital situation becomes, the greater need for them to execute a dilutive rights offering.
The stock is off another 3% this morning and German bunds are sinking in yield again — down 2bps to -0.13%.
If it breaks below 10, wonder who will be motivated more?
They will be bailed in or out. Probably trying to buy time till the weekend to make the announcement. Calls could be interesting here to shoot the dice.