Summary Box: Markets rattled by lack of Greek deal

AP News
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Posted: Jan 30, 2012 4:54 PM
Summary Box: Markets rattled by lack of Greek deal

NO DEAL: The wait for an expected deal between Greece and its creditors rattled financial markets around the world Monday. Yields for ultra-safe U.S. government debt hit their lowest this year, and the euro and European stocks fell.

GREECE TALKS: Greece and its creditors were said to be close to an agreement over the weekend. It's aimed at cutting Greece's debt by roughly euro100 billion ($132 billion).

TO PORTUGAL: Borrowing costs for European countries with the heaviest debt burdens shot higher. The two-year interest rate for Portugal's government debt jumped to 21 percent after trading around 14 percent last week.