Wednesday , 20 January 2021

MBS Day Ahead: Ghosts of Grexit Past a Blessing for Rates in the US?

By Matthew Graham

Posted To: MBS Commentary

‘Grexit’ was an overused term–mostly in 2012–that referred (shockingly) to a “Greek exit” from the Eurozone. I hate overused fad jargon just as much as the next person, but even I gave in. In fact, it was more like ‘in for a dime, in for a dollar” in this mid-June post which now incidentally serves as an excellent and quick history lesson for the current round of Eurodrama. Please read it HERE if you’re at all interested in what’s moving markets these days. Fast forward to today, and Tsipras is back–now poised to be elected president. Last time we knew he was stupid or crazy or bluffing because he wanted Eurozone bailout cash but didn’t want to play by their rules. This time, he’s flat out dangerous because he still doesn’t want to play by the…(read more)

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