Greek 10-year bonds have forged more than 400 bp above their German counterparts, moving to a record 407 bp.
Five year credit default swaps stand at 3.77 bp, up 30 bp on the day…
EUR/USD is consolidating losses at 1.3370 after bids emerged in the 1.3350s. Look for solid offers toward 1.3400 where central banks sold the last time we were there, helping drive EUR/USD to fresh lows in early New York trade.
