Click chart for more on MF Global
NEW YORK (CNNMoney) -- Another Monday, another bankruptcy in the financial industry.
MF Global, which has a $6.3 billion bet on European sovereign debt, filed for Chapter 11 protection this morning, putting pressure on financial stocks.
The largest unsecured creditors are JPMorgan Chase (JPM, Fortune 500) and Deutsche Bank (DB). Financial markets are interconnected, and investors are paying close attention to the latest development in sovereign bonds' yields and major currency pairs.
The euro retreated more than 2% against the dollar over the past three days, essentially erasing the ground it gained after the new European debt restructuring deal was announced last Thursday.
Meanwhile, the Japanese government intervened in the currency markets in an effort to weaken the yen. Before the intervention, the yen stood at record highs against the dollar, threatening the competitiveness of Japanese exports.
These are some of the popular themes on StockTwits this Monday:
lamonicabuzz: Stupid stock move of the day! Did $JPM really pass off THAT much $MF exposure? Listed as major creditor but only down 3% while $DB falls 9%.
M_Knopf: At $41 billion $MF is likely 8th largest bankruptcy in US history, ahead of Chrysler. Historic!
momomiester: $MF the only thing I worry here is the "cockroach factor" when u see one, usually there are more that are hiding.
8020Financial: Don't know what happened to all the euphoria from last week. I thought we fixed everything with more debt. $SPY $QQQ $EURUSD
Adamantium: I don't expect the #BOJ to stand down on the #FX intervention this time around on the $USDJPY. A test of $79.20 should happen again
felgartrading: $EURUSD Weekly Commentary: After a rally last week due to the EU news, the Euro is in overbought territory and a pullback can be expected. 
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
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