Friday, February 17, 2012

Greek 1 Year Bond Hits 639%

A few months ago readers thought we were crazy for predicting that the Greek 1-year bond would hit 300% within the month.  Fast forward to February 17th 2012, and 300% seems like a distant memory.
The Greek 1 year bond yield this morning placed a new all time high of 639.013%.
Perhaps we should hold a contest to predict the date the yield will pass 1,000%?

Snapshot for Greece Govt Bond 1Year Yield (GGGB1YR)

Open: 601.08000 High: 639.01300 Low: 516.78900