European Bond Yields 2/21/12

The new trading week begins in the States. Greece announced an agreement in the wee hours of the morning but as the hours move along the futures markets are leaking lower. The Nasdaq, representing tech, is more negative than the broad markets which provides an early hint in favor of bears. Tech leads the broad markets.  The European bond yields are relatively unchanged and flat since Friday. The Hungary 10-year yield dropped to 8.38%, still a troublesome high, however. Italy 10-year yield is 5.42% and Spain is 5.11%, down from last week.

France is up two tiny ticks to 2.99% playing around with the 3% level. Germany 10-year yields jumped from 1.90% to 1.97% since Friday.  The U.S. and U.K. 10-year's are both over 2% at 2.04% and 2.23%, respectively. In the land down under, the moves are small, but Australia is ticking upwards now at 4.09%. Portugal is flat since last week, the 10-year yield now at 12.25%. Thus, all's quiet on the European front.

U.S. retail sales earnings will impact U.S. markets today. A 2-Year Note Auction occurs in the States at 1 PM EST today. Today we find out if any gremlins are at play in the markets due to the new moon and/or Bradley turn affects.