4/12/2010

Asian markets developed a renewed appetite for debt as traders learned more about the eurozone's offer to help Greece. The price of insuring Asian bonds against default fell to a three-month low, according to CMA DataVision. "The immediate impact is to remove the prospect of a Greek default," said Gary Jenkins, head of credit strategy at Evolution Securities. "There is still the question of whether the EU is just kicking the Greece problem down the road."

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