Monday, October 10, 2011

Greek 1-Year Bond Hits 151%!

The Greek 1-Year bond has just passed 150%. 
We have stated numerous times that the US is Greece X 100.  The Fed will be unable to keep 10- year treasury rates under 2% forever.  The market will eventually puke and FORCE interest rates higher.  Can you imaging what this will mean for the US housing market, and economy in general?  The US is falling back into recession w/ nominal rates near 0!

Summary One-Year Chart INTERACTIVE CHART
Value 151.20 One-Year Chart for Greece Govt Bond 1Year Yield (GGGB1YR:IND)
Change 7.078 (4.911%)
Open 149.12
High 151.20
Low 141.22