So, who cares?

The "Super Committee" that was supposed to deliver a deal to reduce the US deficit failed to reach agreement. Judging by level of interest rates on the 10 year US Treasury bill, not all investors are concerned: today's yield is 1.94%, even lower than when there was still hope that the Super Committee could fulfill its mission. Stocks took a beating, however.

What are investors concerned about? Europe and growth prospects.