Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Loan Sharks Rejoice - Greece 2-Year Notes at 20% !

Print comment Post Comments
GOOD TIMES!
DailyFeed

Investors in Greece investors celebrated today. They were awfully happy that their government was able to go to the open market and float 2-year notes at a yield of 20%. What a deal!!!!!

OPA!

The news was simple from Briefing.com: Greece conducted a successful 3-month Bill auction today, selling a greater-than-expected 1.625 bln euro at a yield of 4.1%, only 25 bps above the prior sale despite fears of a restructuring. With that, Greece’s ASE is leading European markets, up 1.8%.

OPA!

The cost to insure the debt of Greece from default has risen to a record high. So, either their are some very happy loan-sharks out there or there is simply no fear that bondholders will have any downside risk as long as Germany is there to support Greece.

POSITION:  No positions in stocks mentioned.

TICKERS