DLBR - Markets Yawn Deal Or No Deal

Overview

While there are signs that Europe has reached a compromise on the grant/loan issue, the spillover into the markets is quite limited. China, with Shanghai's 3.1% gain, led a few markets in the Asia-Pacific region higher, including Japan and India. Most markets were lower, and Europe's Dow Jones Stoxx 600 is fractionally firmer, recovering from initial losses. US shares are a little heavy. Bond markets are quiet, with the US 10-year quiet around 61 bp and European peripheral yields off mostly 1-2 bp, though Italy's 10-year yield has slipped four basis points to about

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