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Key Data Points
German 10-year Bund 2 bps lower;
France 10-year 4 bps tighter to the Bund;
Ireland 14 bps tighter;
Italy 9 bps tighter;
Spain 7 bps wider;
Portugal 4 bps wider;
Greece 50 bps tighter;
Large Eurozone banks down 0-6 percent;
Euro$ flat to up 0.15 percent.
It feels like the Greek debt crisis is as old as the Acropolis. Stocks are sinking as we shut up shop for the weekend, as traders take their money off the table ahead of yet another Eurogroup meeting next week.
We all know how it going to play out; the talks will go down to the wire, stocks will fall because of the ‘what if’ factor, but in the end Greece will be given the money and we might see a small bounce. Even when Greece is given the kiss of life next week, another indebted nation will be in…
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