Wall Street Manna

An irreverent look at Wall Street

Friday, April 9, 2010

Greek two year bond rate now 7.45%

Greek bonds fell for the seventh straight session on Thursday and the Greece's benchmark stock index tumbled. The yield on Greece's 10-year bond, a reflection of both the country's borrowing costs and the risk investors associate with its debt, hit its highest level since the introduction of the euro.

More alarmingly, in a sign Greece may have difficulty finding money in the nearer term, investors drove the interest rate of the Greek two-year bond to 7.45% Thursday, 6.64 percentage points more than what Germany pays. That gap was 5.68 percentage points just a day earlier.
Not that Greece matters to Wall Street, but didn't Goldman help Greece do their own version of a "Repo 105?"


At April 9, 2010 at 11:16 AM , Anonymous Anonymous said...

is it good to wait to buy ... do you think we'll have any pull backs?

At April 9, 2010 at 2:29 PM , Anonymous Anonymous said...

MPG seems to want to hold 4. but the lack of up, makes me think a trip down. I know target 12, but 3 first? thoughts? thx.


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