Replies to post #46233 on Short Term Trading Member Forum

[techcharter]

Greek 1 yr Bond Rallies, BUT

Market value improved from 65% to about 60% discount to original face value. Considering a "voluntary" scalping of 50% of the original value, the new effective yield is 20%. This means bond traders believe a complete default may still occur, and Greece is still effectively shut out of the market.