Market Commentary

June 30, 2011

Rates are up again this morning in what is the third day of a huge selloff in the bond market. This week, Greece agreed to the austerity measures the IMF, EU, and ECB had conditioned the release of the next support payment on, and today the Greek parliament agreed to the process by which these measures will be implemented.


As markets breathe a sigh of relief that the fiscal / debt crisis in the Eurozone is over for now, risk assets have regained some of their appeal.


Markets are of course closed tomorrow for the Canada Day holiday, and Monday should be light as well as the US celebrates July 4th.

by First National Financial LP 30. June 2011 09:38