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?"