FT

• PIMCO cuts T-Bond holding to zero in anticipation of rising rates due to QE2 ending.
• Portugal / Ireland / Greece borrowing costs hit euro-era highs amid concerns that Euro leaders will fail to take concerted action to dispel fears of sovereign defaults
• Sprint Deutsch Telekom talking about MA stuff.
• China’s trade balance swung to a deficit of $7.3bn ( supposedly big deal since it predicts growth of global economy. Although last year was the same...)