Has Greece Been Resolved?

One might be forgiven for thinking that a 110 bln euro EU/IMF package would suffice for Greece and stabilize the situation as IMF packages typically do over time.   However, over the past month 10-year Greek yields have 260 bp and…

Spain’s Funding Needs Continue

While Ireland, Greece, and Portugal do not have to sell any more bonds this year, Spain, on the other hand, has more three more bond auctions this year and three more bill auctions. Spain seeks to sell up to 4 bln euros of bonds…

Dollar Firms, Uncertainty Increases

Highlights The US dollar is trading with a firm tone against nearly all the majors as weakness across equity markets and commodities drive risk appetite and markets await the outcome from today’s EuroGroup meeting, where hopes for aid…

Dollar Firmer on European Fiscal Woes

Highlights The US dollar is trading with a firm tone against nearly all the major currencies except the Australian dollar and the Canadian dollar as a rise in commodities and equities stoke risk appetite.  The euro continues to…

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