There’s still no deal on Greece but as one is looking more likely, the
markets have been reacting positively. Saxo’s Simon Fasdal says
European equities are up this Tuesday while core bonds are being sold
off. The risk-on movement is crushing safe haven assets, he says.
German bund yields are spiking higher while the opposite is happening
in Southern Europe.
If there is a deal, Fasdal says expect an equity rally with core
yields moving even higher. But he warns that a higher Euro and yields
that move