Greece 10 year bonds YTM 30%


Via Zero Hedge

If this isn't a bet against the Euro, I don't know what is.  Greece 10 year bonds maturing in less than 30 days (May 19th) is being sold at 98.7.

This is whopping YTM of 29.6%, unheard of anywhere in world. For example, junk bonds in the corporate world are trading at about 7% over treasuries, perhaps close to a 11% YTM.  That means that Greek bonds are trading at a bigger discount than junk bonds.   

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