Greek 1 Year Sovereign Bonds Pass 1000% – Opa!

Confounded Interest ^ | 03/05/2012 | Anthony B. Sanders

[whitedog57]

Here is a document discussing how a disorderly Greek default would cost over $1 trillion Euros.

And the 1 year Greek sovereign debt yield breaks 1000%!

While the Eurozone touts that they have solved the Greek credit crisis (at least for the moment), investors don’t seem too mollified.

Opa! Your economy is on fire!

[whitedog57]

The author of the blog Confounded Interest has put the details of the 1 year Greek bond on his blog. It is indeed a 4.1% coupon bond.

http://confoundedinterest.wordpress.com/2012/03/05/greek-1-year-sovereign-bonds-pass-1000-opa/

[GeronL]

lol

Government debt.... bad idea