Greek two years bonds hit 35%

This is not good... for Greece and Europe at large.

Europe Imploding (Again): Greek Two-Year Note Yield Surges 213 Bps to Record 35.19%, More Italy Stock Suspensions

It's getting very scary out there. First there has been an unsubstantiated rumor that Spanish PM has resigned based on an El Pais editorial, and then we have the fact that Greek 2 year bonds have just collapsed by another 2% to an all time record 35.19%. The cherry on top are reports that Intesa Sanpaolo and some other volatile bank shares are suspended after continuing their last week plunge.

Europe is burning... The EU is failing... Mwahahahahaha... the elite plan is crumbling!

Unless that is the Elites plan
then its working flawlessly

It's not their plan. But, I'm sure they can care less given what's happening in next few months.

greece was unable to acces the capitalmarket anyway, so it might aswell rise to the moon.

The reverse ETF's should be bringing real good returns then...

reply to post by Vitchilo


35%? That's insanity.. at that rate they will be using their entire bailout just to pay interest. Greece may very well be collapsing soon, and it's possible all the PIIGS will follow quickly. Hopefully Europeans will question the faith they placed in the EU and disband the entire monstrocity as soon as possible, and retake their soveriegnty.

A guest on CNBC last night (AEST) said that Greece, Portugal and Ireland are all bound to default.

reply to post by Rockpuck


I think that interest rate is more of an implied recovery after default. I think it's that those bonds are trading so far below par that it shows the price/rate equation as a 35% rate. No one really expects these to ever pay at par so what they are trading at is what whoever wishes to own them thinks they'll get after default.