1. http://marketsandbeyond.blogspot.com/
http://www.pcgwm.com/
Greece: successful 13w T-Bills auction
Greece sold EUR 1.95 billion 13-week Treasury bills today yielding 3.65 percent, more than
twice the level of the previous sale in January (1.67%). The country still needs to EUR 10 +
billion by end of May to finance maturing bonds and the deficit. This seems to confirm my
reasoning: investors are ready to finance Greece short term for a good yield. I doubt they
will finance Greece long term, hence the importance of the May deadline.
The yield on Greece’s 10-year bond reached 7.82 percent today, the highest since before
the start of the euro, and more than twice comparable German debt.
Source:
Hellenic Republic - Public Debt Management Agency: Auction results of 13w T-Bills
http://www.greekdebtoffice.com/%28S%28ibm2kd450q1ver45kq2sxi45%29%29/NewPa
ge.aspx?pagenb=614
Bloomberg: Greek Bailout Talks Could Take Three Weeks; Bond Payment Looms
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahSclTWKLKCE
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