Key Data Points
German 10-year Bund yield 11 bps higher;
Spain 55 wider;
Portugal 65 bps tighter;
Greece 191 bps;
Italian banks down 3-5 percent;
Other Eurozone large banks flat to up 3 percent;
Euro FX up 1.10 percent;
Comment
We repeat our post from yesterday:
Here’s a political and economic paradox.: If the Greeks are pulling their money out of banks en masse, buying durables, and hording food to prepare for Armageddon, will they actually vote for the Armageddon they are so panicked about?
We have our doubts and expect a better than expected outcome from Sunday’s Greek election.
(click here if charts are not observable)
