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Paging The IMF: Greek Ten Years Just Hit 353.08%

Tyler Durden's picture





 

According to the FT, Greek bonds just hit a "slightly" elevated 353.08%.

A 34,914 bps spread to Bunds sounds about in line when you remove all bail out bells and whistles.

We always knew the FT would pull an April Fool's joke. Doing it a day late is just the one little touch of class that yanks sadly lack. Ironically this is a very sad harbinger into the reality of the bond world a few years from now, when countries will need to repay a bond over 3 times per year just to be able to get any funding whatsoever.We expect G-Pap to issue an immediate statement, claiming the speculators behind the Financial Times (we are confident the Telegraph's Ambrose Evans-Pritchard already has a tail by the Greek Secret Service) are hell bent on fomenting a revolution and sinking the Acropolis into the Aegean.

h/t Jim

 


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Fri, 04/02/2010 - 21:02 | Link to Comment putbuyer
putbuyer's picture

This is it. How sweet it is.

additional comedy - see Gibbs back peddle

http://www.jasonmattera.com/508/exposing-the-real-aarp/

 

I urge all to donate to ZH. Soon it will be one of the best left standing.

Buying Rural land - closing in 10 days. FUBO

Fri, 04/02/2010 - 22:04 | Link to Comment Psquared
Psquared's picture

10 days might not be soon enough. ;-)

Fri, 04/02/2010 - 21:56 | Link to Comment truont
truont's picture

I think that rate should attract some interest in Greek bonds.

Isn't that the annual rate of payday loans?  :)

Fri, 04/02/2010 - 21:58 | Link to Comment ThreeTrees
ThreeTrees's picture

*Crrraaack*

Fri, 04/02/2010 - 22:05 | Link to Comment 10044
10044's picture

αντ?ο Ελλ?δα

Fri, 04/02/2010 - 22:30 | Link to Comment taraxias
taraxias's picture


αντ?ο Ευρ?πη

Fri, 04/02/2010 - 22:39 | Link to Comment Hulk
Hulk's picture

σφιχτ?ς

Fri, 04/02/2010 - 22:53 | Link to Comment Shameful
Shameful's picture

That is friggin awesome!  I can't wait to see what happens...it's like waiting for Christmas!

Fri, 04/02/2010 - 23:08 | Link to Comment jimmy knuckles
jimmy knuckles's picture

Can't wait to see what happens?

Why not lay down some chips and see if your number comes up?? <......

Sat, 04/03/2010 - 00:02 | Link to Comment Cookie
Cookie's picture

Did that in 2008, never stopped laughing

Sat, 04/03/2010 - 11:13 | Link to Comment mikla
mikla's picture

I felt a great disturbance in the Force, as if millions of voices suddenly cried out in terror and were suddenly silenced. I fear something terrible has happened.

Fri, 04/02/2010 - 23:03 | Link to Comment RobotTrader
RobotTrader's picture

Thousands of hedge funds, parlaying their 4% interest on prime broker loans....

They would lap that stuff up in no time....

LOL..

Fri, 04/02/2010 - 23:16 | Link to Comment Ivanovich
Ivanovich's picture

Ok, in all seriousness, is that a misprint??

Sat, 04/03/2010 - 01:02 | Link to Comment Cursive
Cursive's picture

Dunno.  But if it isn't a misprint, it would be the first sign of reality since forever.  We need to get past this fraud and on to some real solutions.  People are hurting and the banksters are partying.

Sat, 04/03/2010 - 01:29 | Link to Comment laughing_swordfish
laughing_swordfish's picture

Doesn't sound too far off the ReichsMark (little humour there).

Hey - G. Pap - things a bit tight till payday,(or IMF Day?)

I know a couple of payday loan places here that'll take your paper -  only 348% spread over T-Bonds, and we'll throw in a mousepad and coffee cup for ya, all courtesy of your friends at Money Tree.

Just call up ZH and ask for the Swordfish and they'll know how to get ahold of me and I'll set it all up for ya...

 

KrvtKpt. laughing swordfish

Payday loans to the Fleet and Greeks...

Now...Free Calamari with your tax refund loan!

Sat, 04/03/2010 - 01:56 | Link to Comment BlackBeard
BlackBeard's picture

CMA's only showing 350~ bip spread.  Misprint.  My money's on some FT intern with a wry sense of humour.

Sat, 04/03/2010 - 08:23 | Link to Comment zero intelligence
zero intelligence's picture

Probably the intern got an explanation about what a "basis point" is.

Sat, 04/03/2010 - 13:25 | Link to Comment Everyman
Everyman's picture

"Yoda, I sense a great disturbance in the Force."

Sat, 04/03/2010 - 17:46 | Link to Comment trav7777
trav7777's picture

Either shit just blew up or else it's a misprint

Sun, 04/04/2010 - 19:26 | Link to Comment excellent
excellent's picture

How the hell did they even misprint this number?

353.08%?

If it was an accident then why would it have the 08? Everything else is just to two.

3.53=353 makes more sense than 353.08. And why would it be 353? Why not a number twice that large? Is it because they wanted to have a reasonably large and scary number yet have it not be so unbelieve as to be 700 or 900 or 2398235?

 

When you actually think about it and just look at the row above it, they do have a good sense of humor.

Germany has 3.08, sharing three of the same figures as the Greek spread figure posted, thus you can see that the cost of debt has obviously risen to only 35000 over Germany's.

Excel sure must be hard to use.

Mon, 04/12/2010 - 04:25 | Link to Comment mark456
mark456's picture

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