ns) • France December industrial production -0.1% m/m vs est -0.2%(-3.1% y/y vs est -2.1%) • SNB governing board member Fritz Zurbruegg says that the Swiss Franc is still overvalued • Mariano Rajoy publishes tax returns going back 10 years in effort to defend himself from scandal (FT) • Berlusconi ally say

ces that I got yesterday, and yesterday's p/1 was understated by approx $4ok because of this. The flight to quality that we saw yesterday supported the Swiss Franc, the Norwegian Krone, gold and the US treasury market. We are well positioned for a flight to treasuries. The Yen rallied yesterday due to the spik