Greece may vote on a three-year budget plan on May 7, Reuters reports, citing a German government paper. IMF/EU talks are seen concluding on May 2. First payments to Greece would be made before May 19.
Bond markets are holding up well after the Portugal news. Portuguese bond spreads have actually narrowed slightly and Greek spreads are steady. EUR/USD dipped below 1.33 on the S&P news and now trades at 1.3305.
