Greece to obtain more IMF aid after buying back debt, NY Times reports Greece has persuaded its bondholders to sell about EUR32B of bonds back to the government at a discount, according to The New York Times, which cited unnamed bankers involved with the program. The deal will enable Athens to eliminate EUR20B of its EUR344B debt and obtain more financing from the IMF, the newspaper said. Reference Link
BofA/Merrill to hold a conference 2015 Payments & Card Conference is being held in Scottsdale, AZ on May 18-20.
Futures slightly lower ahead of opening of new week U.S. equity futures are below fair value following a weekend of quiet news flow. The first quarter earnings season is winding down and investors are beginning to look forward to the long Memorial Day weekend. Today’s focus will be on the housing data due out at 10:00am EDT with the release of the NAHB housing market index. Many have expressed concern that the housing rebound will remain muted for the foreseeable future as the Fed gears up to begin raising interest rates.