Wednesday, March 7, 2012

Greek 1 Year Bond Hits 1,114%!

One day ahead of the PSI headline, with it looking less and less likely of participation reaching the needed 75%, or even the CAC threshold of 66%, Greek bonds are plunging further.  The Greek 1-year yield has just placed a new record high rate of 1,114.493%!!

Greece Govt Bond 1Year Yield (GGGB1YR)

Open: 979.67000 High: 1,114.49300 Low: 965.07400