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Euro-zone/IMF approved 110 billion in aid to bail out Greece – rally-maker for stocks & pressured bonds, notes, and mortgage backs

The Euro-zone/IMF approved 110 billion in aid to bail out Greece. Germany’s cabinet approved the draft, allowing them to contribute to the fund as well. The weekend news has been a rally maker for stocks and at the same time, pressured bonds, notes and mortgage backs right out of the gate.