7:31 EDT - So the EU has another deal, and investors are lapping it up. Equities and oil are rebounding sharply, the euro is at $1.26 and yields in Spain and Italy pull back. However, this is undoubtedly not the last fix the euro-zone crisis will need. Is a continent-wide banking regulator and efforts to reduce the 2 countries' borrowing costs a panacea? If bond vigilantes don't like where things are headed, they will definitely take it out in the market over time. S&P 500 futures extend their gains and are now up 20, with Nymex oil jumping 4% and gold climbing 10%. Ten-year Treasury yield is up to 1.65%. (kevin.kingsbury@dowjones.com)
(END) Dow Jones Newswires
June 29, 2012 07:31 ET (11:31 GMT)
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