Treasury traders are ‘fatigued’ by Greece
Treasuries’ 10-year notes are trading in the narrowest range this month as traders grow weary from seemingly nonstop negotiations between Greece and its creditors.
Investors are “fatigued,” said Edward Acton, a US government-bond strategist at RBS Securities Inc, one of 22 primary dealers that trade with the Fed: “The initial Greece proposals were rejected. We are at another impasse.”
“The situation is pretty fluid,” said Vincent Chaigneau, the global head of rates and currency strategy at Societe Generale SA in London.
“The ball is in the Greek camp and their Parliament needs to ratify any deal very quickly.”
[Bloomberg]
