Macro Morning: Ebullience rules

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By Chris Becker

Ebullience ruled on risk markets last night as the Greek deadlines keep whooshing by, but this time with hope and rumours mixing, pushing up stocks on the continent. Bonds were very mixed and very volatile, with the German Bund sold off, gaining 13 pips to 88 pips, a huge move, while peripheral European bonds were all bid, especially Greek, up 1.5%!

Recapping Asia yesterday, where thankfully for China bulls, the Shanghai Composite was closed due to a holiday after a horror Friday session.

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