Yesterday’s Greek Bond auction was a far cry from the turmoil facing the country less than two years ago. CGI recommended purchasing European periphery debt in the fall of 2012, and contested the notion that the EU was at risk of failure. We continue to see European equity markets as fertile territory for institutional investors.
The $USD Index continues to weaken. A fall below $79 sees risk to $73.
The CRB continues to strengthen.
041114 CGI Morning Market Commentary – Greek Bonds, STOXX, CRB, $USD