Greek Bond Yields Explode as 1 year moves 100 bps to over 752% in One Day

by John Galt February 22, 2012 05:30 ET   In what can only be called a determination of default by investors, the sell off of Greece’s short term debt tells a tale of woe. The 1 year bond yield moved from yesterday’s close of 652% to 752% overnight while the 2 year moved a whopping 20 bps from 192% to 212%. If this isn’t the true vote on the alleged ECB/IMF “bailout” I do not know what is. This is a nation falling into disarray, default, and ultimately anarchy if they…

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