Wednesday, November 23, 2011

Greek 1-Year Bond Yield Shatters 300%!

The Greek 1 year yield shot past 300% today, rising 15% on the day to 307.64%!

It's been a whopping 22 days since the Greek 1-Year yield hit 200% on November 1st.  At this pace the Greek 1 year may pass 500% before the end of the year.
But not to worry folks, the Greek situation is contained- who doesn't think that 308% is a sustainable 1 year bond yield!?!

Sterling's gonna need some Lipitor.


306.26800 38.64700 +14.44%