Gus Lubin
No resolution yet on debt talks has pushed Greek credit markets closer to the brink.
The Greek 2YR note rose 2523 basis points to a record 205.66%; the 10YR note up 75 basis points to 34.9%.
European markets, however, are up. Whatever happens in Greece common wisdom seems to be that the current Greek deal won't accomplish much.
Read more: http://www.businessinsider.com/greek-2yr-note-hits-new-record-as-debt-talks-go-nowhere-2012-1#ixzz1kHWzy5no
No resolution yet on debt talks has pushed Greek credit markets closer to the brink.
The Greek 2YR note rose 2523 basis points to a record 205.66%; the 10YR note up 75 basis points to 34.9%.
European markets, however, are up. Whatever happens in Greece common wisdom seems to be that the current Greek deal won't accomplish much.
Read more: http://www.businessinsider.com/greek-2yr-note-hits-new-record-as-debt-talks-go-nowhere-2012-1#ixzz1kHWzy5no
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