News Headline Summary

Euro zone ministers and IMF reach deal that interest above financing costs on bilateral loans to Greece will fall to 50bps from 150bps once Greece reaches 4.5% primary surplus, according to a source

- Contribution to Greek debt reduction from ECB foregoing profits on its Greek bond portfolio to be EUR 11bln.

Reaction details (17:21)

- EUR/USD immediately moves higher by 7 pips from 1.2987 to 1.2994, before paring back in the accompanying 3 minutes.

Analysis details (17:21)

- Note, these comments are from sources so we still await any official commentary on the details regarding any Greek deal.
- As a guide last week we saw comments hit the wires at approx. 0330GMT.

26 Nov 2012 - 17:15 - Fixed Income - Source: Newswires

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