The Greece vote boosts global markets since disorderly defalut worries are now lessened. The clean-up from riots in Athens and elsewhere begins. The euro is up with the risk on trade, now printing 132.55, continuing to frustrate short euro traders. Euro up=dollar down=commodities up=equities up.
10-Year Yields:
Greece 32.92%
Portugal 12.15%
Hungary 8.65%
Italy 5.52%
Spain 5.25%
Australia 4.03%
Belgium 3.57%
France 2.91%
U.K. 2.14%
U.S. 2.02%
Germany 1.96%
Japan 0.98%
All yields are moving relatively sideways. Of special note is Hungary once again, jumping 20 basis points since Friday, up to 8.65%. U.S. futures are up, but somewhat muted considering all the recent drama, with a seven point pop in the S&P currently projected for the open four hours away.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.