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Monday, April 26, 2010

Up up away...

After last week, when Greece activated financial help, bonds decreased from 8.8% yield to low 8% which is huge move.

It was to be expected of course. The same way it was to be expected that in the bigger picture that would have NO IMPACT at all. After that decline, the trend just resumed and the 10 Year Bonds are now trading at 9.4% while the 2 Year Bonds at 13%...

Today's Greek bond chart.

The Euro on the other hand, pretty much since we at this website advocated for a large move on the dollar, it has gone down from 1.50'ish and is now trading in the low 1.30'ish.

We're on our way for the Euro to trade below 2008 level of 1.23'ish.
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