Spreadex Market Update
US and UK Indicies up
The source said that if Spain does request a bailout this is likely to be dealt with in conjunction with a revised loan programme for Greece.
Although sentiment has changed somewhat some investors are still waiting for more details on how Spain would be bailed out and how ministers would avoid the mistakes made when Greece was rescued.
Greek Government bonds have risen. 10-year yields have hit their lowest level since the nation’s debt was restructured in March, with traders accepting German Finance Minister Wolfgang Schaeuble’s statement that a Greek default “will not happen”.
German yields have been pushed the other way as part of the risk-on/risk-off shift.
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