World Economy
0

Greek Bonds Look Uglier

Greek Bonds Look UglierGreek Bonds Look Uglier

The yield on the Greek 3-year bond passed back above 28% Tuesday (it had briefly gone above 28% on an intraday basis last Thursday), Bloomberg reported. Seemingly endless delays in coming to agreement with the institutions mean that uncertainty over Greece’s ability to meet future repayments continues to increase among investors.  The Greek sovereign bond yield curve inverted — where yields on shorter-dated debt become higher than yields on longer bonds — on Dec. 8, 2014, and hasn’t looked back since. Greece’s debt yields seem very unlikely to change for the better in the current climate, as there are currently no buyers at all for these bonds.

Financialtribune.com