Monday, February 20, 2012

Greek 1 Year Bond Hits 666%

In what can hardly be a good sign for Greece (in more ways than one), the Greek 1 year bond yield hit a record 666% today.  Details of the PSI emerged indicating that IF the Greek bailout ever gets done, it should take Greece roughly 12 months until it reaches the default point again.

Greece Govt Bond 1Year Yield (GGGB1YR)

Open: 607.33100 High: 666.81200 Low: 569.12300