Posted To: MBS Commentary
Did you catch the Day Ahead? It turned out to be pretty timely . Here it is if you need it: MBS Day Ahead: Europe no Longer Fears Dominoes; Up to Greece to Fold Since then, Greece has folded and unfolded several times, and hilariously at that! First up, we had the other side of the negotiation table confirming what I laid out in the article this morning. In short, the powers that be are indeed prepared for Greece to exit . Here are a few wires: RTRS- ECB OFFICIALS ARE PREPARING FOR GREEK EXIT FROM EURO ZONE – GERMAN MAGAZINE SPIEGEL RTRS- ECB STAFF ARE PREPARING INTERNAL CONTINGENCY PLANS FOR HOW REST OF EURO ZONE COULD BE KEPT INTACT – SPIEGEL (BFW) *GERMAN-LED BLOC WILLING TO LET GREECE LEAVE EURO That kicked off a bull run for core bond markets, dragging overnight Treasury trading well into…(read more)
Via:: MBS MID-DAY: Greek Drama Proves Highly Entertaining Today, and Bond-Positive to Boot!
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