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Equity Futures Under Pressure
06/20/2011
Treasury prices are opening the week to the upside as European leaders were not able to reach an accord over the weekend on loan assistance to Greece. Not surprisingly, equity futures are under pressure as the delay has fueled the flight to quality bid. The situation in Europe will like remain in the forefront today as there is nothing scheduled on today’s US economic calendar to divert attention. Currently, the Ten Year yield is at 2.960% and the 2-10 yield spread is at 254bps.
