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Eurozone ministers agreed to a 130 billion euro ($172 billion) bailout package for Greece. The deal includes the waiving of 53.5% of principal owed to private creditors. However, many questions still remain about the deal, as well as if Greece will ever re-enter the free market in the future. The news of a deal isn’t hitting the market as hard as it could have, considering last week’s headlines announcing that the deal had been struck. Mortgage-backed securities are down, but only slightly from Friday.

What’s Up on Wall Street?

The markets were closed yesterday due to Presidents Day.

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