Posts Tagged ‘German Bond Yields’
Greek Tragedy
The Greek 10-yr gov’t bond yield is 14.7%, 11.5% above comparable German bonds. The 2-yr Greek note is trading at 22.2%, 20.45 % above the German 2-yr note. The cost of insuring Greek sovereign bonds jumped to 1,422 basis points based on the Bloomberg London 5-yr credit default swap. These swap prices signal more than…
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