Posted To: MBS Commentary
The annoying sideways grind in bond markets will continue until we see whether or not Greece ends up leaving the EU. The EU doesn’t want that and neither does Greece. Even roughly a quarter of the Greek people would prefer to remain in the EU according to polls. But Greek leaders are as yet determined not to ‘extend the bailout’ (even though they are perfectly willing to commit to a “bridging loan,” which EU officials point out is mostly different than a bailout extension insofar as its name). Even so, talks broke down on Monday and given the concluding thoughts offered by the Eurogroup, those talks didn’t matter much in hindsight. Reason being: Monday wasn’t a deadline by any means. The Eurogroup explicitly stated Greece has until Friday to reconsider. Even then…(read more)
Via:: MBS Week Ahead: The Annoying Sideways Grind in Bond Markets Will Continue Until…
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