As one of many deadlines approaches, normalcy is actually returning to some financial markets. The spiking blue line is the yield on the German 10 year bond. It SHOULD be spiking. Given the hazards of the potential Greek mini-default on June 30th, the decline in bond prices is actually quite rational. The insanity was driving bond prices so high that yields actually went negative.
Yes, we might see some volatility in coming days, but it appears justified to me. And we’ll be looking to buy bargains.