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Keyword: financialdoom

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  • Greece Armageddon, Financial Ebola Sweeps Through Global Bond Markets

    04/30/2010 6:49:49 AM PDT · by blam · 48 replies · 881+ views
    The Business Insider ^ | 4-30-2010 | Mike Larson
    Greece Armageddon, Financial Ebola Sweeps Through Global Bond Markets Interest-Rates / Global Debt Crisis Apr 30, 2010 - 08:37 AM By: Mike Larson What does the end of the bond market world look like? Something like this … The chart above shows the yield on the benchmark 2-year note in Greece. Just a few short months ago, Greek sovereign yields were hovering around 2.1 percent. On Wednesday, they shot up as high as 18.9 percent! Translation? The cost of borrowing for the Greek government — not some subprime mortgage customer or deadbeat credit card holder — shot up almost NINE-FOLD...