Weekly Fundamental Outlook for Energies and Metals - Bailout Plan For Greece Soothes the Market in the Short-term
BonTradeThe 2-day EU summit was the focus of the week. European leaders endorsed a Franco-German proposal, consisting of bilateral loans and IMF's involvement, to assist Greece in overcoming its deficit crisis. While the size of the loans and interest rates were left unclear, the market felt relieved with the euro rebounding +1% against the dollar, while yield spread between Greek and German government loans dipped -9 bps. Risk appetite increased and commodities pared losses made earlier in the week.
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Weekly Fundamental Outlook for Energies and Metals - Bailout Plan For Greece Soothes the Market in the Short-term
