Here are seven (or so) links at 7AM Eastern. We will see you later with the daily linkfest. Good luck out there today.
The TED spread keeps on climbing. (Dynamic Hedge)
Libor seems more and more detached from reality. (Sober Look)
Despite zero yields investors are once again pouring money into money market funds. (FT)
Bond markets are surprisingly complacent. (Global Macro Monitor)
Some hedge funds can’t stop themselves from fudging the numbers at month end. (WSJ)
TCW and Jeff Gundlach have come to an undisclosed settlement. (Dealbook)
China’s PMI still shows a decline in manufacturing activity. (FT)