Greek May 19 Maturing Bonds Being Sold At 30% YTM

The Greek 10 Year bonds maturing in three weeks (May 19) are now being sold at 98.7 or a Yield to Maturity of ~30%. This is a return that one can not find anywhere in the distress-free corporate world as the Fed has guaranteed that no firm will ever file for bankruptcy. It is also indicative that the EMU is soon to become history and the EMU/EU experiment is coming to an end.