Last week when we jokingly asked readers when the Greek 1-year would pass 1,000%, most readers predicted Feb28th-March 1st. Well, we just might have a few winners. The Greek 1-year yield is up a tiny 17,809 basis points today to 920.5%. Yes, you read that correctly.
Seems that the consequences of the ISDA decision are being rapidly realized.
GGGB1YR:IND
920.47800 +178.09700 +23.99% As of 10:22:00 ET on 03/01/2012.
Only 70.5% to go until we have a winner! (perhaps we should refresh the Bloomberg chart before publishing this)
