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Mondays bond market has opened down slightly following a positive open in stocks. The Dow is currently up 94 points while the Nasdaq has gained 37 points.The day's steep losses pushed all three indexes to end in the red for the week. The Dow declined more than 2%, the S&P fell 1.7% and the Nasdaq slipped 0.5%."There's a lot of nervousness that Greece could default this weekend, and Greek bonds yields keep rising, " said Joe Saluzzi, co-head of equity trading at Themis Trading.Furthermore, the guarantee in this case expressly permitted RBC to change the terms of the borrowing, which would include changes in performance standards!The European moves to calm their debt markets are not even close to what will ultimately be necessary. 1 Trillion Euros is not enough bad credit loan instant money to solve the problem?
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