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Periphery/Core Spreads Narrow as Tsipras Backtracks Greek Prime Minister Alexis Tsipras sent a letter to European Commission President Jean-Claude Juncker last night that sent global equities rallying and European bond spreads into narrowing modeThe letter made big...
Greece defaulted on an IMF loan by not making a $1.7 billion payment due Tuesday. Yet, S&P futures suggest an up open of about 16 points. The gains are based on renewed hopes that a deal can still be reached that will limit damage to the global financial markets from...
 
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