London

AS Greece heads towards 11th-hour funding talks with its euro-area membership on the line, bondholders are surprisingly sanguine about its failure so far to secure a deal.

Forget the strategists at Commerzbank AG who say there's a 50 per cent chance it'll leave the currency bloc, and those at Barclays plc who put the exit risk higher even than in the 2012 debt crisis. The Bloomberg Greece Sovereign Bond Index shows those with money at stake aren't seeing a significant increase in the chances of a eurozone departure.