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Natallia Kolbun

Commentary on Financial Markets 2-22-2012

Wednesday, February 22, 2012 - Article by: Natallia Kolbun - Lyons Mortgage Services Inc. - Message

The Euro Zone finance ministers agreed to the second bailout package of Greece yesterday.

As a result of this good political news, the 10 Year Treasury went from 2.00% to 2.06%, which led to slightly higher mortgage rates.

The reason why the 10 Year Treasury Yield didn't go even higher is because the financial markets still worry about:

a) that the Greece bailout won't end up be successful in the long term (there might be a need for more aid to Greece).

b) the economic stability of the other indebted countries in the European Union (that they might need a bailout too).

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