Institutional Investor (June 18)
2012/ 06/ 20 by jd in Global News
“The relief rally that followed Sunday’s rather limited victory for euro zone unity in the Greek general election has proved unusually faint-hearted and short-lived, with the euro down sharply against the dollar despite initially climbing to a one-month high.” As if to emphasize that Greece is but one problem confronting Europe, yields on ten-year Spanish bonds rose “to a euro-era record above 7 percent.”
Tags: Dollar, Euro zone, Greek election, Rally, Relief, Spain, Yields
