Bond managers dismiss stress tests as 'non-event'
Bond managers have largely dismissed Friday's highly-anticipated European bank stress tests as a non-event, with the markets similarly showing a muted response in early trading.
European banking stress tests will be a missed opportunity for policymakers to reassure markets that they are capable of formulating a meaningful response to the sovereign debt crisis, unless they come down heavily on undercapitalized banks, analysts and investors told CNBC.com.