Situation Calming Down In Europe

Looks like politicians have managed to calm the markets down with words of support for a Greek bailout. Apparently the newly issued debt will be junior to the one outstanding. There is even some talk that the program would be a fully funded 2-year program. This means something like $100 – $150 billion.

Greek government bond yield eased a little bit.

Chart 1. Greek Government Bond Yield Curve

Source: Bloomberg

The DJ Euro Stoxx 50 managed to stay above trend-line.

Chart 2. DJ Euro Stoxx 50

Source: Bloomberg


This entry was posted on Thursday, April 29th, 2010 at 9:01 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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