Key Data Points
German 10-year Bund 5 bps lower;
France 10-year 6 bps tighter to the Bund;
Ireland 7 bps wider;
Italy 20 bps tighter;
Spain 25 bps tighter;
Portugal 23 bps tighter;
Greece 30bps tighter;
Large Eurozone banks up  0.5-3 percent;
Euro$ up 0.33 percent.

Comments
– France, Italy, and Greece 10-year yields at lowest weekly close of the year;
– Rumors circulate about downgrade of ESM and EFSF bailout funds;
– Bundestag approves Greek deal without the Chancellor’s Majority and only with the support of the opposition  – 473 MPs in favor and 100 MPs against, 100 MPs abstained;
– October youth unemployment rate in Eurozone rises to 23.9 percent, up from 21.9 percent a year ago;

Not all countries have the same sense of urgency as some months ago.

– José Manuel Barroso, President of the EC

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