In a word: muted.

The lack of progress on US debt ceiling talks over the weekend hasn’t caused a spiral of chaos.

Ten-year Treasury yields were up a few basis point early on Monday. Mohammed El-Erian wrote that the US AAA rating was “extremely vulnerable”.

Gold hit another record, going as high as $1622.49:

At pixel time, the Nikkei seemed to be finding ground at about -0.6 per cent:

 

The ASX opened down o.41 per cent, before heading to about -0.8%:

 

The dollar was also down a little against the yen, Swiss franc, and euro.

Enjoy.

Related links:
US Stock futures, Treasuries fall, gold gains; El-Erian sees AAA at risk – Bloomberg
Bond traders face uncertain week – FT
DC debt impasse puts US bonds on defensive – Reuters
August 10 may be the real debt ceiling, says BarCap – FT Alphaville

This entry was posted by Kate Mackenzie on Monday, July 25th, 2011 at 3:00 and is filed under Capital markets. Tagged with asian markets, nikkei, Nikkei 225, S&P/ASX 200, US debt ceiling. Edit this entry.