Friday, 15 April 2011

Greek 10-Year Government Bond Yield Exceeds 13% First Time, Portuguese Yield Approaches 9%; Credit Default Swaps US vs. Europe

http://globaleconomicanalysis.blogspot.com/2011/04/greek-10-year-bond-exceed-13-first-time.html

As I had said in my posts last year - once the Greek Govt 10 YR rate crosses 12% - we may see some real pain in this market

It is 13% now

As I had also said before - Greek will restructure/ reschedule / default on its debt

It is just a matter of time

One could play this via Short ASE index

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