Greek 5 year CDS prices, according to Bloomberg, are now sitting at a mind boggling 3025.74bp and 2 yr notes have climbed to 55.84% as Q2 GDP was reported to have fallen by 7.3% yoy. As to be expected, the EURUSD came under heavy selling pressure for the ninth straight day falling to 1.3872. While many pundits are pointing to the ECB rate announcement and subsequent press conference as the... ...More...


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