Initial Guidance | 11 June 2015

● U.S. Mortgage Applications Surge 8% in Advance of Rate Hikes | WPJ
● U.S. Annual Budget Deficit Smallest in Nearly 7 Years | WSJ
● Bond crash across the world as deflation trade goes horribly wrong | Telegraph
● World Bank Lowers Global Growth Outlook, Urges Fed To Delay Rate Hike | RTT
● S&P downgrades Greece after IMF repayment delayed | Reuters
● Greece bailout talks: stocks surge on rumours of German compromise | Guardian