Greek bonds pricing default? 1-year 82%

[the1]

The 2-year is near 50%. I don't think I've ever seen sovereign bond rates this high. A Greek default would send shock waves throughout Europe.

http://www.bloomberg.com/apps/quote?ticker=GGGB1YR:IND

 

[morganist]

Why don't they just change the way they pay it?

 

[bond_trad3r]

What a buy? 82% yield? hahaha

 

[Cdntrader]

Quote from the1:

The 2-year is near 50%. I don't think I've ever seen sovereign bond rates this high. A Greek default would send shock waves throughout Europe.

http://www.bloomberg.com/apps/quote?ticker=GGGB1YR:IND

bond investors r ultra conservative. so its investment grade or junk no in between

 

[the1]

The last time I saw a quote of something in the area of 82% was when Enron was in trouble. We all know how that ended.

Quote from Cdntrader:

bond investors r ultra conservative. so its investment grade or junk no in between

 

[spanish89]

So if you buy Greek bonds the Greek government will repay you your money with 82% interest added ontop??

 

[morganist]

Quote from spanish89:

So if you buy Greek bonds the Greek government will repay you your money with 82% interest added ontop??

I don't think that is right?

 

[clacy]

There is no saving Greece. Turn out the lights.

 

[morganist]

Quote from clacy:

There is no saving Greece. Turn out the lights.

How do you term saving?

 

[trefoil]

Quote from morganist:

I don't think that is right?

That shouldn't even be a question. No, I'm not explaining.