Daily Market Update 6/18/12

Rates held steady Monday following the highly anticipated Greek elections.  Investors showed little reaction to the conservative party victory, which supports austerity measures and the EU bailout.  The consensus view is that essentially nothing changed.  While a victory by the radical leftist party would have likely had a negative outcome for the EU, the conservative party’s win does not provide any fresh solutions to the problems.  No key economic data will be released today.

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