Very slow pace to todays session. Essentially I believe the road map is out there and it is very clear that Europe must choose to not let Greece leave the EU. Devalue absolutely, but leaving and voiding all commitments denominated in Euro's and substituting them with new drachmas would be very costly - and not just for Greece. For more on this go to: http://financialfutures.typepad.com/accutic_plus/
Bonds have pulled back to the point where they are starting to look cheap on the intraday charts - however activity on the floor is very quiet. Again follow the link above for updates on trading flows and look at todays strategy.
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