- So where are bonds going following the referendum? Investors are still selling off riskier assets, although the declines are muted compared with a week ago on increased hopes for a deal with Varoufakis gone.
- As expected, money is flowing into the U.S. and Germany's fixed-income markets, and out of Spain, Italy, Portugal and Greece.
- 10-year bond yields: U.S. -0.8% to 2.3%; Germany -6 bps to 0.73%; Spain +10 bps to 2.31%; Italy +10 bps to 2.34%; Portugal +11 bps to 3.02%; Greece +48 to 14.82%.
- ETFs: GIM, EU, BNDX, BWX, IGOV, BUNL, BUNT, GGOV