Greece Seeks to Extend Loans as ECB Reviews ELA

Greek-EU talks failed to reach a deal despite news that the Greek government's plan to request for a 6-month loan extension on Wednesday. Comments from Prime Minister Alexis Tsipras only worsen the situation. Greece's 10-year bond yields soared +73 bps to a 3-day high of 10.26%. In the commodity sector, crude oil gained with the front-month WTI contract rose to a 2-week high of 54.15 before ending the day at 53.53, up +1.42%.

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Greece Seeks to Extend Loans as ECB Reviews ELA