Greece woes inflict damage upon secondary market

26 Feb 2010

Concerns about the eurozone’s sovereign debt have spread to the secondary loans market over the last few weeks, puncturing the buoyancy that it experienced throughout most of January.

"I reckon this week has been the quietest of the year by quite some distance," said a loans trader on Thursday. "I’m not the only one saying it, either. The market is suffering from the Greek fallout.

"It looked set to rally at the beginning of the week but ...

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