Here is what you need to know. Greece will reportedly ask for a loan extension. Time is of the essence as Greece’s current bailout program is scheduled to end on February 28. An agreement could buy as much as six months time. Meanwhile, Greek bond prices are up with the 3-year yield falling to 17.12%, down -112 basis points. Ukraine is withdrawing from the Debaltseve railway hub. A reported 80% of the city has fallen to pro-Russian separatists, putting the fragile cease-fire at risk. In the currency market, Russia’s ruble is stronger by +1.2% at 62.50. The Bank …read more
Source: Business Insider
