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well, that should be this way..
guys, who run bond shops ,are way smart and forward lookng them equaty, so what about spain/ireland/etc.. what about next year? in 2 years ? well Greek goverment will get 1 year more ,
but what about Greek banks, Greek businesses ?
thats all junk , Greek is dead and only way is to ditch the euro, back to druhma..
nice squiggly lines!
"From a high just over 16%, the 6.25% GGBs of 6/19/2020 have seen a "massive" plunge... of 32 bps. As of today, pricing in Bailout #2, the market is so antsy to get into Greek bonds that the 10 year is down to a whopping 15.843%. But at least the true focus on the "Greek bailout", the DAX and the RUT, are doing their thing."
ok, that was very funny.
ZH is not doing it self a favour by oversensonializing stories, like when gold goes up 0.5% ZH calls it a surge, let off some seam dudes
All the Socialist propaganda media in Greece say that a "deep breath" in spreads was taken after bailout#2 announcement
One third of people in Greece now want a revolution, and 98% and 89%, respectively, hold the government and speculators responsible for the crisis. Almost none of them have confidence in their leader's ability to solve the financial crisis, and most of them have negative opinions of the European Central Bank, the International Monetary Fund, and the big EU nations, such as Germany. And this not mere talk: Greek revolutionary groups - and there are tens of them - are already well-armed with basic weapons and bomb-making equipment, as attempts to assassinate various world leaders showed. They have also committed at least one terrorist atrocity - a bombing of a bank in which three people were killed - and have carried out a series of bomb attacks across Greece. They have also carried out gun and grenade attacks on police stations.
The problem with all these ridiculous "Greek Revolution" theories is that they ignore what the protestors are protesting for: more socialism! The very thing that kicked off all the fun to begin with! They don't want solutions--they want more of the problem!
So 3 bank workers killed is an atrocity?
The've been rioting since dec 7 2008. I'd say they got some damn good serious self control.
Rumor??? I, augh, forget it.
Even Greek bonds due next year don't seem to be getting much of a bounce. But why worry about details like the asset that should be getting the most direct benefit is least impacted in today's trading session?
the credit default swaps may be feeling it more than 32 bps. anyone know?
Dollar has a new sell signal.
Euro has a new buy signal.
When the Europe debt bubble finally pops,,,, (maybe late 2011) will be the "hot potato" opportunity of the century
Greek bond party, over at Juncker's place--spread the word!
Greece isn't "dead; Greece is the most alive, smartest country in Europe. They are sucking all they can for as long as they can in one of those just-keep-giving-to-us-and-we-promise-we-will-be-your-friend kinda thingy! As soon as that "I'm gonna leave" no longer works, then it's back to the dharma! Greece has all the aspects of being able to reestablish a great country: wonderful weather that brings incredible food, a gregarious and united people with One language, and a loyalty to their history. No "we are so bad that we will rewrite our history books and tell our children to hate themselves and their country" stuff for Greece. No decimation and destruction of self for Greece; they love love love themselves! (is self-destruction and genocide of ones own country solely an American thing? just wondering) . You'll never hear a Greek say anything bad about being Greek, or living in Greece no matter the squabbling that goes on. No only America imports third word trash to support and demand that redistribution and reverse colonization is the de facto mode of genocide. Kinda reminds ya of all the drugs those liberals take doesn't it? Self-destruction writ large? Hmmm.....
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