From Peter Tchir of TF Market Advisors
EU Deal and Hell Freezing Over
So the EU finally reached a debt deal and hell (or at least New York City) froze over.
Thursday's meteoric rise was followed by a relatively calm Friday but is losing steam as more and more nagging doubts set in.
Italian and Spanish bond yields have failed to participate in the rally and in fact Italian yields are reaching yields not seen in decades.
The EFSF has morphed into an incredibly complex entity and there is
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