Sometimes "something you hadn't been following... is highlighted to you andyou stagger back in shock", says Albert Edwards of Societe Generale. The yield on the five-year Greek government bond has slipped beneath its US counterpart. For a country that has borrowed too much since its foundation to be considered a better credit risk than Uncle Sam seems absurd. But it is a snapshot of how impressed investors are with Greece's recovery from the debt crisis, says Matthew A Winkler on Bloomberg.
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Will “Liberation Day” strike again?Donald Trump’s 90-day tariff pause comes to an end on 9 July. Can we expect further market turmoil?
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