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Wednesday, 10/26/2011 7:27:43 PM

Wednesday, October 26, 2011 7:27:43 PM

Post# of 51804
Greek 1 Year Bonds.

The Greek tragedy continues. Yields on 1 yr Greek bonds are 190%. They are trading around 65% discount to face value. The market believes haircuts, actually scalping, will be closer to 65% than 50%. Even a 60% scalping would imply Greece will continue to be shut out of the bond market.

http://www.bloomberg.com/quote/GGGB1YR:IND

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